Mo. Committee Okays Breaks for Damaged Businesses
JEFFERSON CITY, Mo. (AP) __ A Missouri House committee has
endorsed legislation creating a property tax break for businesses
destroyed by a natural disaster.
The measure endorsed Thursday allows for removal of
disaster-damaged buildings on commercial property from local
property tax rolls until the structures can be used again. The tax
break would apply only if the local government approved.
Much of Missouri has seen damage from natural disasters this
year, including major flooding and the tornadoes that struck
Joplin, Sedalia, the St. Louis area and elsewhere.
Many counties already allow homes to be removed from the tax
rolls if a natural disaster makes them uninhabitable.
Copyright 2011 by The Associated Press