SB 0303 | Increases maximum limits on sovereign immunity of political subdivisions; changes corporation franchise tax rate |
Sponsor: | Flotron | |||
LR Number: | S0358.01I | Fiscal Note: | 0358-01 | |
Committee: | Judiciary | |||
Last Action: | 02/02/99 - Referred S Judiciary Committee | Journal page: | S170 | |
Title: | ||||
Effective Date: | August 28, 1999 | |||
SB 303 - This act amends provisions of law pertaining to sovereign immunity. It:
- Increases the amount of maximum liability for the state or political subdivision from one to two million dollars for a single accident or occurrence;
- Increases the maximum liability for injury to individual persons from one to three hundred thousand dollars;
- Caps medical expenses at $250,000;
- Removes joint and several liability;
- Removes sovereign immunity as a defense to attorney's liens;
- Adds penalties for frivolous claims;
- Extends liability limits to police officers outside of the officer's jurisdiction if the officer was authorized to act;
- Clarifies that the Missouri Risk Management Fund is available only to covered public entities;
- Provides for annual review of the limitation on awards based on an economic price index; and
- Increases the floor for requiring the payment of corporation franchise tax from the current $200,000 to one million dollars and reduces the rate from the current 1/20th of one percent to forty-five thousandths of one percent (for all taxable years beginning on or after January 1, 2000).
A portion of this act is similar to HS/HCS/SCS/SBs 295 & 46.
This act has an emergency clause.
RUSS HEMBREE