138.420. Power of original assessment--notification--modification of decision. - Missouri Statutes

Power of original assessment--notification--modification of decision.

138.420. 1. The state tax commission shall have the exclusive power oforiginal assessment of the distributable property of railroads, railroad cars,rolling stock, street railroads, bridges, telegraph, telephone, electric powerand light companies, electric transmission lines, pipeline companies, expresscompanies, and other similar public utility corporations, companies and firms,and of the aircraft of airlines companies in a manner not inconsistent withchapter 155, RSMo.

2. After original assessments of the state tax commission have beencompleted, each corporation, person or public utility interested therein shallbe promptly notified of the action of the state tax commission and shall havethe right to apply for a rehearing. The state tax commission shall grant andhold such rehearing and fix the date thereof.

3. If, after such rehearing and a consideration of the facts, the statetax commission shall be of the opinion that the original decision or any partthereof should be changed, the state tax commission may change or modify thesame and such assessed valuations as are finally determined shall be certifiedto the clerks of the several county commissions and to the assessor in St.Louis City at the same time that valuations of real and tangible personalproperty are returned.

4. The state tax commission shall also have all power of originalassessment of real and tangible personal property in the possession of anyassessing officer on January first.

(RSMo 1939 § 11027, A.L. 1945 p. 1805 § 15, A.L. 1947 V. I p. 548, A.L. 1986 H.B. 1022, et al.)

Prior revisions: 1929 § 9854; 1919 § 12847

Effective 6-20-86