Missouri House approves bill treating personal property increases under Hancock/CPI; vote 94-50
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Summary
On Feb. 17 the House voted 94-50 to third-read and pass House Bill 1766, which would exclude year-over-year increases in aggregate personal property value from being counted as "new construction" for rollback calculations and instead apply Hancock/CPI protections similarly to real property, a move supporters framed as taxpayer fairness and opponents warned would reduce revenue to taxing entities.
The House approved House Bill 1766 on third reading by a roll-call vote of 94 yeas to 50 nays.
During floor remarks, the gentleman from Washington read the bill language and framed the proposal as treating increases in aggregate personal property valuations the same way as real estate under Hancock/CPI limitations — so that increases attributable to inflation or valuation adjustments would not be counted as "new construction" for rollback calculations beginning Jan. 1, 1927 (as quoted from bill text on the floor). The sponsor characterized the measure as a fairness change for taxpayers.
Opponents, including the Lady from Boone, said the change will reduce revenue to taxing districts such as school districts and local governments, and urged colleagues to weigh impacts to local services. Members noted the provision matters most in unusual market shifts — one floor example cited during debate was when car prices rose during the COVID period.
The clerk reported the roll-call result after debate: 94 yeas, 50 nays, and the House recorded that HB 1766 had third-read and passed.