137.920. Warehouse duty to keep records of in-transit property, in-transit defined. - Missouri Statutes

Warehouse duty to keep records of in-transit property, in-transitdefined.

137.920. 1. All property claimed to have acquired no situsfor any purpose of taxation under the provisions of sections137.900 to 137.960 shall be designated as being "in-transit" uponthe books and records of the warehouse wherein the property islocated, and such books and records with reference to anyin-transit property shall at all times be open to the inspectionof all taxing authorities of the state and of any politicalsubdivisions thereof.

2. The books and records of a public warehouse shall containa full, true and correct inventory of all in-transit property,together with the date of receipt, date of withdrawal, the pointof origin, and the point of ultimate destination if known.

3. A private warehouse, or the owner of property in apublic warehouse, shall, if required in order to obtain adetermination that any property has not acquired a situs in thisstate, submit to the appropriate assessing officer documentaryproof of the in-transit character of the property.

(L. 1982 S.B. 476 § 4)