353.190. Real property tax abatement not to apply, excursion gambling boats.
Real property tax abatement not to apply, excursion gambling boats.
353.190. For projects related to any riverfront developmentdesigned to enhance the location of an excursion gambling boatlicensed under the provisions of section 313.800 to 313.850,RSMo, real property tax abatement under chapter 353, RSMo, shallnot apply for each year of the redevelopment project to theassessed value of the real property for taxes due and payableduring the calendar year preceding the calendar year during whicha redevelopment corporation acquires title to such real property,but shall apply to any increase in the assessed value of suchproperty after the acquisition of the real property by aredevelopment corporation.
(L. 1994 H.B. 1248 & 1048 § 16)