SB 0369 | Establishes registration requirements for property tax consultants |
Sponsor: | Sims | |||
LR Number: | S1298.02I | Fiscal Note: | 1298-02 | |
Committee: | Local Government and Economic Development | |||
Last Action: | 02/09/99 - Hearing Conducted S Local Government & Economic | Journal page: | ||
Development Committee | ||||
Title: | ||||
Effective Date: | August 28, 1999 | |||
SB 369 - This act provides for the registration and licensing of property tax consultants. "Property tax consulting services" are defined as preparing a property tax rendition or report for another person or representing a person in an appeal under Chapter 137, RSMo.
The act prohibits individuals from performing property tax consulting services for compensation unless he or she is registered. Exempt from the registration requirements are people acting under a general power of attorney, licensed attorneys, employees of a property owner performing services for the owner, lessees who are designated as agents of the property owner, public employees or officers in their official capacities, CPAs, individuals who are only assisting the performance of such services (unless more than 50% of the person's time is devoted to or income is derived from performing or supervising the services), and licensed real estate brokers, salesmen, and appraisers who provide the services in connection with single- family residences.
The act establishes the following eligibility requirements: be at least 18 years old; have a high school diploma or its equivalent; pay the required fees; establish state business location or designate an agent for service of process, and meet any other qualifications imposed by law or by rule of the Director; OR be a licensed real estate broker, salesman, or appraiser. Continuing education requirements are established for both property tax consultants and senior property tax consultants. Certificates of registration are valid for two years;
The act also establishes the penalty of a Class B misdemeanor for certain acts or omissions under the statutes.
The Property Tax Consultants Advisory Council is established
within the Division of Professional Registration; members are
appointed by the Director of the Department of Economic
Development.
RUSS HEMBREE