Modifies provisions relating to the calculation of property tax levies

This bill changes how property tax levies are calculated in Missouri. It adds new definitions for "data center" and "data center property" to the law. The bill also modifies how political subdivisions, including school districts, must adjust their tax rates when property values change, ensuring they collect substantially the same amount of tax revenue as the previous year, with some adjustments for inflation and voter-approved increases.

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