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News Brief

Feb. 26, 2024Jefferson City, MO |  By: Jeremy Werner

MO Senators look at tax policy


Missouri senators looked at a certain tax policy this week. Senator Travis Fitzwater is sponsoring Senate Bill 7-99, and tells colleagues his proposal seeks to modify provisions relating to motor vehicle assessments:

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At issue is how county assessors valuate a car or truck’s worth. During discussion, Senator Lauren Arthur mentioned this legislation would change the method to measure a vehicle’s trade-in value:

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If this measure were to become law, it would take effect on January 1st of next year.