94.340. Maximum rate of tax--how increased--extension of period of increase.

MISSOURI STATUTES AND CODES

94.340. Maximum rate of tax--how increased--extension of period of increase.

Maximum rate of tax--how increased--extension of period ofincrease.

94.340. 1. All cities and towns in this state organized andoperating under special charters granted by the legislature,known as special charter cities and towns, may by ordinance levyand impose annually for municipal purposes upon all subjects andobjects of taxation within such cities and towns a tax whichshall not exceed the maximum rate of one dollar on the onehundred dollars assessed valuation; provided, however, that therate of taxation for general municipal purposes herein limitedmay be increased for not to exceed four years when the rate andpurpose of such increase are submitted to a vote of the voterswithin such cities and towns and two-thirds of the voters votingthereon shall vote therefor, but such increase so voted shall belimited to a maximum rate of taxation not to exceed thirty centson the one hundred dollars assessed valuation.

2. The council of any such cities and towns may submit thequestion of increasing the levy when in the opinion of suchcouncil the necessity therefor arises, and the question shall besubmitted by such council when petitioned therefor by votersequaling in number five percent or more of the voters of suchcities and towns voting for mayor at the last election at which amayor was elected.

3. The question shall be submitted in substantially thefollowing form:

Shall there be a ..... cent increase in tax levy on onehundred dollars valuation for general municipal purposes for...... years in the city of ......?

4. If such increase in levy shall be voted, then suchincreased levy shall be effective for the number of yearsdesignated, and no longer, but such cities and towns throughtheir councils may submit any such proposal for continuing suchincrease of levy at any time for like periods not to exceed fouryears each.