HOUSE BILL NO. 1631 103RD GENERAL ASSEMBLY
INTRODUCED BY REPRESENTATIVE HALEY.
5224H.01I JOSEPH ENGLER, Chief Clerk
AN ACT To repeal section 137.090, RSMo, and to enact in lieu thereof one new section relating to property assessments of boats.
Be it enacted by the General Assembly of the state of Missouri, as follows:
Section A. Section 137.090, RSMo, is repealed and one new section enacted in lieu 2 thereof, to be known as section 137.090, to read as follows: 137.090. 1. (1) Except as otherwise provided in this section, all tangible personal 2 property of whatever nature and character situate in a county other than the one in which the 3 owner resides shall be assessed in the county where the owner resides[; except that,]. 4 (2) The following items of tangible personal property used for lodging shall be 5 assessed in the county where the items are located: 6 (a) Houseboats[,]; 7 (b) Cabin cruisers[, floating boat docks,]; and 8 (c) Manufactured homes, as defined in section 700.010[, used for lodging]. 9 (3) The following items of tangible personal property shall be assessed in the 10 county where [they] the items are located[,]: 11 (a) Floating boat docks; and 12 (b) Boats. As used in this paragraph, "boats" includes only motorboats and 13 vessels as the terms "motorboat" and "vessel" are defined in section 306.010 if such 14 boats: 15 a. Are housed or stored outside the owner's county of residence on a lift or in a 16 marina; and 17 b. Are not regularly transported to and from the owner's county of residence.
EXPLANATION — Matter enclosed in bold-faced brackets [thus] in the above bill is not enacted and is intended to be omitted from the law. Matter in bold-face type in the above bill is proposed language. HB 1631 2
18 (4) Tangible personal property belonging to estates shall be assessed in the county in 19 which the probate division of the circuit court has jurisdiction. 20 (5) Tangible personal property, other than motor vehicles as the term is defined in 21 section 301.010, used exclusively in connection with farm operations of the owner and kept 22 on the farmland, shall not be assessed by a city, town or village unless the farmland is totally 23 within the boundaries of the city, town or village. 24 (6) No tangible personal property shall be simultaneously assessed in more than one 25 county. 26 2. The assessed valuation of any tractor or trailer as defined in section 301.010 owned 27 by an individual, partner, or member and used in interstate commerce must be apportioned to 28 Missouri based on the ratio of miles traveled in this state to miles traveled in the United States 29 in interstate commerce during the preceding tax year or on the basis of the most recent annual 30 mileage figures available. ✔
Statutes affected: