The bill proposes to repeal the existing section 259.220 of the Revised Statutes of Missouri and replace it with a new section that clarifies the assessment and taxation of mineral rights. The new language specifies that all rights and interests in oil, gas, or other minerals beneath land within Missouri—regardless of whether the land is federal, state, or county—will be assessed and taxed separately from the land itself. This applies to rights established by various means, including deeds, leases, or reservations, and owned by individuals or entities other than the landowner. Additionally, the bill states that taxes levied on these separate mineral rights and interests will not constitute a lien on the land when they are not held by the landowner. This change aims to provide clearer guidelines for the taxation of mineral rights, ensuring that they are treated similarly to other real estate in terms of assessment and taxation.

Statutes affected:
Introduced (4637H.01): 259.220