137.722. Percentage of ad valorem property tax collection to be deposited in county assessment fund (certain second class counties). - Missouri Statutes

Percentage of ad valorem property tax collection to be deposited incounty assessment fund (certain second class counties).

137.722. Notwithstanding the provisions of section 137.721,or any other provision of law in conflict with the provisions ofthis section, in all counties which become counties of the secondclass after September 28, 1987, one percent of all ad valoremproperty taxes allocable to each taxing authority within thecounty and the county shall continue to be deducted from thecollections of taxes each year and shall be deposited into theassessment fund of county as required by section 137.750 as ifthe county had retained its classification as a county of thethird class.

(L. 1987 S.B. 65, et al.)

Effective 1-1-88