Revisor Home

Constitution

Effective - 07 Dec 1972, see footnotebottom

  X Section 6(b).  Intangible property exempt from taxation, when — local governments may be reimbursed, when. — The general assembly may by general law exempt from taxation all intangible property, including taxation on the yield thereof, when owned by:

  (1)  Individuals; or

  (2)  Labor, agricultural or horticultural organizations; or

  (3)  Corporations or associations organized and operated exclusively for religious, charitable, scientific or educational purposes, no part of the net income of which inures to the benefit of any private stockholder or individual; or

  (4)  Hospitals which are exempt from payment of Missouri state income tax.  

­­

­

Any such law may provide for approximate reimbursement to the various political subdivisions, by the state, of revenues lost because of the exemption.

­­--------

(Adopted November 7, 1972).


---- end of effective   07 Dec 1972 ----

use this link to bookmark section  X Section 6(b)


In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions

Site changes Contact
Other Links
Oversight Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House

@04:31:47.9 53