Missouri Laws 100.570 – Ad valorem tax benefits available, when
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Terms Used In Missouri Laws 100.570
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
The ad valorem tax exemption benefits contained in chapter* 353, RSMo 1959, of “The Urban Redevelopment Corporation Law” and more specifically in sections 353.110 and 353.150(4), shall not be available to any urban redevelopment corporation on lands and improvements situated within a project area under this law, unless the governing body by a three-fourths vote of such body approves the ad valorem tax exemption benefits.