MO SB 1118
died on adjournmentSB 1118 - This act modifies provisions relating to personal property assessments. PERSONAL PROPERTY NEW CONSTRUCTION For the purposes of calculating the amount of assessed valuation of personal property, current law provides that the definition of new construction and improvements is the aggregate increase in valuation of personal property for the current year over that of the previous year. This act provides that, beginning January 1, 2028, new construction and improvements shall not include increases in the aggregate assessed valuation of personal property. (Section 137.073) This provision is substantially similar to SB 409 (2023) and HB 754 (2023). PERSONAL PROPERTY ASSESSMENT RATE Current law requires personal property to be assessed at 33.3% of its true value in money. This act reduces such assessment rate to 30%. (Section 137.115.1) This act is substantially similar to SB 264 (2025). JOSH NORBERG
Missouri · 2026 Regular Session · upper
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Quick answers
Did MO SB 1118 pass?
No. MO SB 1118 died when the 2026 Regular Session adjourned without final action on it. Bills that die this way are sometimes reintroduced in a later session. Latest recorded action (2026-01-15): Second Read and Referred S Local Government, Elections and Pensions Committee
What is MO SB 1118 about?
MO SB 1118 is a bill in the 2026 Regular Session titled “SB 1118 - This act modifies provisions relating to personal property assessments. PERSONAL PROPERTY NEW CONSTRUCTION For the purposes of calculating the amount of assessed valuation of personal property, current law provides that the definition of new construction and improvements is the aggregate increase in valuation of personal property for the current year over that of the previous year. This act provides that, beginning January 1, 2028, new construction and improvements shall not include increases in the aggregate assessed valuation of personal property. (Section 137.073) This provision is substantially similar to SB 409 (2023) and HB 754 (2023). PERSONAL PROPERTY ASSESSMENT RATE Current law requires personal property to be assessed at 33.3% of its true value in money. This act reduces such assessment rate to 30%. (Section 137.115.1) This act is substantially similar to SB 264 (2025). JOSH NORBERG”.
Who sponsors MO SB 1118?
Fitzwater, Travis is the primary sponsor of MO SB 1118.
Description
SB 1118 - This act modifies provisions relating to personal property assessments. PERSONAL PROPERTY NEW CONSTRUCTION For the purposes of calculating the amount of assessed valuation of personal property, current law provides that the definition of new construction and improvements is the aggregate increase in valuation of personal property for the current year over that of the previous year. This act provides that, beginning January 1, 2028, new construction and improvements shall not include increases in the aggregate assessed valuation of personal property. (Section 137.073) This provision is substantially similar to SB 409 (2023) and HB 754 (2023). PERSONAL PROPERTY ASSESSMENT RATE Current law requires personal property to be assessed at 33.3% of its true value in money. This act reduces such assessment rate to 30%. (Section 137.115.1) This act is substantially similar to SB 264 (2025). JOSH NORBERG
- Introduced
- —
- Latest action
- 2026-01-15 — Second Read and Referred S Local Government, Elections and Pensions Committee
- Bill type
- bill
- Last updated
- —
Sponsors
- Fitzwater, Travisprimary
Committees
Not provided by source.
Action timeline
Newest first
2026-01-15
Second Read and Referred S Local Government, Elections and Pensions Committee
reading-2,referral-committee
2026-01-07
S First Read
reading-1
2025-12-01
Prefiled
Versions
- 4503S.01I - IntroducedCompare
Documents
Votes
Not provided by source.
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:25:15.077812Z
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