Title X TAXATION AND REVENUE Chapter 140 • Effective - 28 Aug 2024, 2 histories 140.980. Citation of law — definitions. — 1. Sections 140.980 to 140.1015 shall be known and may be cited as the 'Chapter 140 Land Bank Act'. 2. As used in sections 140.980 to 140.1015, the following terms mean: (1) 'Land bank agency', an agency established by a county or municipality under the authority of section 140.981; (2) 'Land taxes', taxes on real property or real estate, including the taxes both on the land and the improvements thereon; (3) 'Municipality', any incorporated city, town, or village in this state; (4) 'Political subdivision', any county, city, town, village, school district, library district, or any other public subdivision or public corporation that has the power to tax; (5) 'Reserve period taxes', land taxes assessed against any parcel of real estate sold or otherwise disposed of by a land bank agency for the first three tax years following such sale or disposition; (6) 'Tax bill', real estate taxes and the lien thereof, whether general or special, levied and assessed by any taxing authority; (7) 'Taxing authority', any governmental, managing, administering, or other lawful l', real estate taxes and the lien thereof, whether general or special, levied and assessed by any taxing authority; (7) 'Taxing authority', any governmental, managing, administering, or other lawful authority, now or hereafter empowered by law to issue tax bills. -------- (L. 2019 H.B. 821, A.L. 2024 H.B. 2062)
Missouri Legal Code