SPONSOR: Davis
COMMITTEE ACTION: Voted "Do Pass with HCS" by the Standing Committee on Ways and Means by a vote of 9 to 1.
The following is a summary of the House Committee Substitute for HB 2098.
This bill adds recreational areas used for noncommercial leisure or aesthetic purposes to the definition of residential, as that definition relates to the subclassification of real property for taxation purposes.
The bill provides that when a single-family home that is owned by a sole proprietor, individual, partnership, or limited liability company (LLC) is leased, in whole or in part, for 30 consecutive days or less, the home will be classified as residential property and will not necessarily be considered "transient housing".
The following is a summary of the public testimony from the committee hearing. The testimony was based on the introduced version of the bill.
PROPONENTS: Supporters say that this bill will ensure green spaces are taxed at lower rates. Supporters further say the bill also reclassifies golf courses, nature preserves, and other similar spaces to a classification that is a more appropriate subclass of real property.
Testifying in person for the bill was Representative Davis.
OPPONENTS: Those who oppose the bill say that reclassifying these green spaces as agriculture goes against the purpose of agricultural land as defined in law.
Testifying in person against the bill were Kenny Mohr, Missouri State Assessor's Association; and Jeff Porter, Missouri State Assessor's Association.
Written testimony has been submitted for this bill. The full written testimony and witnesses testifying online can be found under Testimony on the bill page on the House website.
Statutes affected: