Legislature blocks change in Missouri farm values
Friday, March 2, 2012
Lawmakers rejected a plan Thursday that would have increased taxes on the state’s best farmland.
The Missouri Farm Bureau was pleased after the state Senate — with one vote more than the minimum needed — approved a House-passed resolution “to prevent increased farmland property taxes from going into effect,” Farm Bureau President Blake Hurst said.
The House passed the no-increase resolution Feb. 21, on a 117-39 vote.
The Senate’s vote Thursday was 19-8.
On Dec. 20, the Tax Commission voted to raise the values of the state’s most productive farm land — about 35 percent of the state’s total land inventory — by about 8 percent. Th commission said it would amount to an additional 29 cents per acre in taxes.