HCR 7 Disapproves State Tax Commission proposed state regulations regarding value of each grade of agricultural and horticultural land for 2011-2012 assessment years under Section 137.021, RSMo

Current Bill Summary

- Prepared by Senate Research -

HCS/HCRs 7, 3 & 17 - This resolution disapproves new values for agricultural and horticultural property filed with the Secretary of State's Office on December 21, 2009, by the State Tax Commission. The State Tax Commission is required to set the value for each of the eight grades of agricultural land based upon productive capability for use by county assessors to determine property tax liabilities.

Section 137.021, RSMo, authorizes the General Assembly to disapprove any regulation containing new agricultural land values by a concurrent resolution adopted within the first sixty calendar days of the session following promulgation of such regulation.

JASON ZAMKUS

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