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MissouriSB22025 Regular SessionSenateWALLET

Modifies provisions relating to financial statements of certain local governments

Sponsored By: Sandy Crawford (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

7 provisions identified: 6 benefits, 0 costs, 1 mixed.

Limits on vehicle tax assessment increases

Assessors cannot raise a motor vehicle’s assessment above last year’s amount if it was properly assessed last year. For vehicles covered by the state-selected guide, assessors must use trade-in values from its current October issue. The State Tax Commission must provide that guide to assessors. The assessment limit does not guarantee a lower tax bill.

Local tax credits for totaled vehicles

Counties and cities can adopt a property tax credit for totaled vehicles and set additional eligibility standards. The credit equals the vehicle’s tax multiplied by full months remaining after disposal, divided by 12; it provides no cash refund. The applicant must owe the vehicle’s tax, and the vehicle must be on that local government’s tax roll. Ownership, title, and registration must be in the taxpayer’s or qualifying business’s name on January 1 and when the incident occurred. By application, vehicle taxes and fees must be current, and title must have transferred because the vehicle was totaled. The applicant must no longer hold its title or registration, or possess it; repurchased salvage vehicles do not qualify. A replacement bought that year cannot be added to that year’s tax roll to offset the credit.

Counties risk withheld taxes over assessments

Counties generally have up to 60 days to follow state orders that correct assessments and reduce final property valuations. One 30-day extension is allowed, for a maximum of 90 days. After noncompliance, the State Tax Commission can direct withholding of up to 100% of county sales and use tax proceeds. Withheld money stays in a separate trust fund until compliance. Counties have 30 days after notice of noncompliance to seek court review, and wrongfully withheld money must return with interest.

Counties can offer property tax installments

Counties, including township counties, can let taxpayers choose annual, twice-yearly, or quarterly payments of current real and personal property taxes. The county must approve the plan and first agree to fund the collector’s reasonable and necessary setup costs. Payments use last year’s tax as an estimate, with any balance due at year-end. Overpayments are refunded without interest, with refunds limited to once a year. Missed installments may draw interest, and certain payments through institutional escrow accounts are excluded.

Short-term rental homes keep residential classification

Assessors must classify a single-family home only as residential when its qualifying short-term rental is subject to Missouri sales tax. This applies when all or part of the home is rented for fewer than 30 consecutive days. That rental alone cannot make the home transient housing.

Counties get caps on publication charges

Newspapers publishing required county financial statements cannot charge above their regular local classified advertising rate from 30 days before publication. The county commission must pay after the publisher files proof of publication.

Local governments get filing fine relief

Local governments owe no late annual-statement fines if gross revenue is under $5,000 or they neither levied nor collected sales or use taxes that fiscal year. A separate exemption covers delays caused by employee or officer fraud or illegal conduct. The government must file within 30 days after discovering that conduct. Exempt governments that already paid receive refunds after notifying the relevant authority. The revenue director must also make a one-time reduction of at least 90% in outstanding fines or penalties upon a government’s first annual financial statement filing after August 28, 2025.

Sponsors & Cosponsors

Sponsor

  • Sandy Crawford

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 21 • No: 4

House vote • 5/6/2025

Reported Do Pass

Yes: 3 • No: 2 • Other: 1

House vote • 4/30/2025

Reported Do Pass

Yes: 7 • No: 0

House vote • 4/28/2025

HCS Reported Do Pass

Yes: 11 • No: 2

Actions Timeline

  1. Delivered to Secretary of State (G)

    7/10/2025

  2. Approved by Governor (G)

    7/10/2025

  3. Delivered to Governor

    5/30/2025

  4. Signed by House Speaker

    5/29/2025House

  5. House Message

    5/22/2025House

  6. Truly Agreed To and Finally Passed

    5/15/2025

  7. Title of Bill - Agreed To

    5/15/2025

  8. HCS Defeated

    5/15/2025House

  9. Taken Up for Third Reading

    5/15/2025House

  10. Placed on the Informal Third Reading Calendar

    5/8/2025House

  11. Reported Do Pass - AYES: 3 NOES: 2 PRESENT: 1

    5/6/2025House

  12. Voted Do Pass

    5/6/2025House

  13. Executive Session Completed

    5/6/2025House

  14. Referred: Fiscal Review

    5/1/2025House

  15. Reported Do Pass - AYES: 7 NOES: 0 PRESENT: 0

    4/30/2025House

  16. Voted Do Pass

    4/30/2025House

  17. Executive Session Completed

    4/30/2025House

  18. Referred: Rules - Legislative

    4/28/2025House

  19. HCS Reported Do Pass - AYES: 11 NOES: 2 PRESENT: 0

    4/28/2025House

  20. HCS Voted Do Pass

    4/24/2025House

  21. Bill Reconsidered

    4/24/2025House

  22. Executive Session Completed

    4/24/2025House

  23. Voted Do Pass

    4/14/2025House

  24. Executive Session Completed

    4/14/2025House

  25. Action Postponed

    4/7/2025House

Bill Text

  • Committee Substitute

    PDF

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