SB 131 - This act provides that the assessed valuation for residential real property shall not exceed the previous assessed valuation for such property, exclusive of new construction and improvements, by more than five percent or the percent increase in inflation, whichever is greater.

This act is substantially similar to SCS/SBs 675 & 705 (2020) and is similar to a provision contained in HCS/SS/SCS/SB 570 (2020), HCS/SS/SCS/SB 594 (2020), and HCS/SCS/SB 725 (2020).

JOSH NORBERG

Statutes affected:
Introduced (0438S.01): 137.115

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Senate Committee Minutes:
SENATE COMMITTEE MINUTES Bill No.: SB 131
Sponsor: Luetkemeyer
Hearing Date: 3/4/2021


COMMITTEE: Ways and Means

CHAIRMAN: Koenig

DATE REFERRED: 1/21/2021 DATE HEARING REQUESTED: 1/21/2021



STAFF:
Rob Krosley
Josh Norberg
Daniel Wilhelm


WITNESSES GIVING INFORMATION:



WITNESSES FOR:
Dennis Conrow - St, Kansas City, MO 64109-1113
Anrie Dienoff


WITNESSES AGAINST:
Scott Kimble - Missouri Association of School Administrators
Terrence Ward - Missouri School Boards' Association
Tom Schauwecker - Boone County