Vote Smart's Synopsis:

Vote to pass a bill that reduces personal property tax to 18% of market value over a 3-year period in Missouri.

Highlights:

• Reduces personal property tax over a 3-year period in Missouri by the following amounts, including to (Sec. A):

• 28.2% by calendar year 2026;

• 23.3% by calendar year 2026; and

• 18% by calendar year 2028 and all subsequent years thereafter.

• Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. A).

Full Bill Text