Committee delays bill to allow prorated tax credits for totaled vehicles after procedural and administrative questions

The Missouri House Ways and Means Committee on an unspecified date heard testimony on House Bill 708, a proposal to create a voluntary depreciation schedule allowing taxing jurisdictions to prorate personal property tax for motor vehicles declared totaled.

The bill’s sponsor, Representative Philip Bollerking, said House Bill 708 “creates a voluntary depreciation schedule for totaled cars, well, as it relates to personal property tax assessment.” He told the committee the measure would let taxing authorities establish a proration program and award a prorated property-tax credit during the tax year to reduce the total personal-property tax owed on a totaled motor vehicle.

Committee members and witnesses questioned how the credit would work in practice and which entities would implement it. Kenny Moore, Boone County Assessor, representing the Missouri State Assessors…