Supplement: MO SB799 | 2024 | Regular Session | Summary: Senate Substitute
Bill Title: Modifies provisions relating to motor vehicle assessments
Status: 2024-05-17 - Informal Calendar S Bills for Perfection [SB799 Detail]
Download: Missouri-2024-SB799-Summary_Senate_Substitute.html
For all tax years beginning on or after January 1, 2025, this act requires assessors to use the manufacturer's suggested retail price as depreciated using a twelve year depreciation table provided in the act to determine the value of motor vehicles. When the manufacturer's suggested retail price data is not available from an approved source or the assessor deems it not appropriate for a vehicle, the assessor may obtain a manufacturer's suggested retail price from a source that he or she deems reliable and shall apply the depreciation schedule provided by the act.
This act is substantially similar to HCS/HB 1690 (2024), HB 2358 (2024), SS/SCS/SB 8 (2023) and SB 493 (2023), and to a provision in HB 2403 (2024), HCS/SS/SB 23 (2023), HCS/SS#3/SCS/SB 131 (2023), SS/SCS/SB 133 (2023), as amended, HCS/SS/SB 143 (2023), HCS/SB 247 (2023), and SCS/HCS#2/HB 713 (2023).
JOSH NORBERG