PURPOSE: This rule establishes de minimis levels of assessed valuation of private car companies for allocation to Missouri and apportionment to the counties.
- (1) Any total assessed value of the distributable property of any private car company within the state which is below five thousand dollars ($5,000) shall be considered de minimis and shall not be subject to ad valorem taxation.
- (2) Any total assessed value of the distributable property of any private car company within any county of this state which is below five hundred dollars ($500) shall be considered de minimis and shall not be subject to ad valorem taxation.
AUTHORITY: sections 137.022 and 137.023, RSMo (1994).* Original rule filed May 17, 1994, effective Sept. 30, 1994.
*Original authority 1994.