All Property, Real And Personal Legislation - Missouri

SB 1285 - Effective January 1, 2009, for all charter counties and the City of St. Louis, assessors are required to provide the city or county clerks with assessment books on or before March first of each year. The city or county clerks must make abstracts of the assessment books showing the aggregate amounts of different types of property and the valuations of each type for each political subdivision levying taxes on property. The governing bodies of political subdivisions must use the information provided in the abstracts to informally project non-binding tax rate levies and provide such projected levies to the clerk no later than April 15th of each year. Utilizing the projected tax levies, the county collector must then calculate the projected tax liability for each property for which the assessor intends to provide a notice of increased assessed value by April thirtieth. Failure by a political subdivision to provide projected tax levies by April 15th will result in a twenty percent reduction [...]

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SB 1213 - This act enables senior citizens, fifty-nine and a half years or older, and disabled persons to delay paying property taxes on their residences. The act establishes eligibility criteria for the taxpayer and the property for participating in the deferral. Taxpayers desiring deferral of property taxes must file an application with the county assessor who will forward such application to the department of revenue for a determination of eligibility. If the application is approved, the department of revenue must notify the county assessor who will make a notation on the tax rolls identifying the property as tax-deferred. Each year, the Department of Revenue will allocate funds, from the newly created property tax deferral revolving account to each county with properties subject to tax deferral, in an amount equal to the taxes deferred within each such county. All deferrals of tax will result in a lien, to be held by the Department of Revenue, against the property of the taxpayer [...]

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SB 1174 - This act provides that no covenant for a fee or charge to be paid upon the transfer of an interest in real property shall be enforceable against any subsequent owner, purchaser, or mortgagee of any interest in real property. A transfer fee shall not include: (1) Any consideration payable for the interest in real property being transferred; (2) Any commission payable to a real estate broker under an agreement between the broker and the grantor or grantee; (3) Any amount payable by a borrower to a lender pursuant to a loan secured by a mortgage against real property, including any fee payable to the lender for consenting to an assumption of the loan or a transfer of the real property subject to the mortgage any fees payable to the lender for estoppel letters or certificates, or any other consideration allowed by law payable to the lender in connection with the loan; (4) Any amount payable by a lessee to a lessor under a lease; (5) Any consideration payable [...]

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SB 1048 - This act modifies the law regarding trademark registration. The act provides that when determining if a trademark meets the qualifications to be registered, the Secretary of State's duty shall be limited to examination of the registration records. Current law provides that an application for a trademark shall include, among other items, the date when the mark was first used. This act provides that an application for a trademark may be filed if the applicant provides a signed statement indicating an intent to use the mark on or in connection with the goods or services listed in the application. The application shall include a specimen or facsimile of the mark for each class of goods or services for which the applicant would like to register such mark. The act raises the fee for filing an application for trademark registration from fifty to seventy-five dollars, and specifies that the additional five dollar fee assessed on all fees in this act may also be assessed [...]

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SB 913 - This act creates statutory warranties for home buyers and homeowners and also prevents home solicitors from engaging in certain deceptive practices. This act prohibits certain unfair or deceptive practices relating to home improvement loans to the consumer. It prohibits home solicitations where a home improvement loan is made encumbering the person's home to pay the loan and where the practice violates federal law. Violation of this provision constitutes a Class A misdemeanor. Three new-home warranties are created by this act. The first covers new homes against faulty workmanship and defective materials due to noncompliance with building standards for a three-year period. The second warranty covers new homes against faulty installation of plumbing, electrical, heating and cooling systems for a five-year period. The third warranty covers the home against major construction defects (foundation) for a ten-year period. These warranties are extended to subsequent purchasers [...]

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CCS/HCS/SS/SCS/SB 711 - This act modifies laws regarding property taxation by requiring tax rate rollbacks by all political subdivisions in reassessment years, changing the way voter-approved tax increases are applied to assessed values, changing the time line for the assessment and appeal of property taxes. The imposition of penalties and interest on the erroneous payments of property taxes is prohibited when there is clear and convincing evidence that the county made an error in determining the tax amount due. Any penalty or interest paid by the taxpayer will be refunded upon the discovery of the error or omission. Voter-approved property tax rate increases must to be applied to a political subdivision's most recent total assessed valuation, as certified by the city or county on or before the date of the election. Every political subdivision in a reassessment year must roll back its prior year's tax rate regardless of whether the political subdivision was levying the tax at its [...]

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HCS#2/SCS/SB 781 - This act modifies a variety of laws relating to real property, landlord-tenant actions, and certain sporting events. The act provides that a water or sewer line easement granted to the county commission or any other political subdivision shall not be construed as a transfer of title of real property. Section 49.292. Owners of property are forbidden from leasing any building, apartment, or house to anyone who sponsors or permits any amateur mixed martial arts contests on the premises, unless the lessee complies with all applicable regulations on such contests. Additionally, the Division of Professional Registration within the Department of Insurance, Financial Institutions, and Professional Registration is authorized to regulate professional and amateur mixed martial arts contests held in Missouri, and the division is forbidden from granting a permit for such contests where any participant is younger than 18. These provisions contain an emergency clause. Section [...]

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