Section 140.984 – Agency income to be tax exempt — acquisition of property, requirements.
Effective – 28 Aug 2019 140.984. Agency income to be tax exempt — acquisition of property, requirements. — 1. The income of a land bank agency shall be exempt from all taxation by the state and by any of its political subdivisions. Upon acquiring title to any real estate, a land bank agency shall immediately […]
Section 140.985 – Real property to be held in agency name — public inspection of inventory — transfer of property, requirements — proceeds of sales, use of.
Effective – 28 Aug 2019 140.985. Real property to be held in agency name — public inspection of inventory — transfer of property, requirements — proceeds of sales, use of. — 1. A land bank agency shall hold in its own name all real property acquired by such land bank agency irrespective of the identity […]
Section 140.986 – Productive use of property, time period to show — extension, when — public sale, when.
Effective – 28 Aug 2019 140.986. Productive use of property, time period to show — extension, when — public sale, when. — 1. No later than two years from the date it acquired the property, a land bank agency shall either sell, put to a productive use, or show significant progress towards selling or putting […]
Section 140.987 – Sale of property, buyer must own for three years — violation, civil liability.
Effective – 28 Aug 2019 140.987. Sale of property, buyer must own for three years — violation, civil liability. — A land bank agency shall ensure that any contract for the sale of residential property owned by the land bank agency shall have a clause that the buyer shall own the property for three years […]
Section 140.988 – Funding sources for agency — property taxes, distribution by county collector to agency after sale of property.
Effective – 28 Aug 2019 140.988. Funding sources for agency — property taxes, distribution by county collector to agency after sale of property. — 1. A land bank agency may receive funding through grants, gifts, and loans from political subdivisions, the state, the federal government, and other public and private sources. 2. Except as otherwise […]
Section 140.991 – Annual audit, when — performance audit, when.
Effective – 28 Aug 2019 140.991. Annual audit, when — performance audit, when. — 1. There shall be an annual audit of the affairs, accounts, expenses, and financial transactions of a land bank agency by a certified public accountant before April thirtieth of each year, which accountant shall be employed by the land bank agency […]
Section 140.722 – Conveyances subject to covenants and easements.
Effective – 28 Aug 1996 140.722. Conveyances subject to covenants and easements. — Any sale of lands under this chapter shall be subject to valid recorded covenants running with the land and to valid easements of record or in use. ——– (L. 1996 H.B. 979)
Section 140.730 – Procedure for collection of personal taxes.
Effective – 28 Aug 2004 140.730. Procedure for collection of personal taxes. — 1. Tangible personal property taxes assessed on and after January 1, 1946, and all personal taxes delinquent at that date, shall constitute a debt, as of the date on which such taxes were levied for which a personal judgment may be recovered […]
Section 140.740 – Notification to delinquent taxpayer — fee.
Effective – 28 Aug 1951 140.740. Notification to delinquent taxpayer — fee. — 1. Before any suit shall be brought to recover delinquent tangible personal property taxes, the collector shall notify the delinquent taxpayer by regular mail, addressed to the last known address of such taxpayer, that there are taxes assessed against him, stating the […]
Section 140.750 – Commission allowed on collection of revenue.
Effective – 28 Aug 1945 140.750. Commission allowed on collection of revenue. — All officers required by law to receive and pay over to the collectors any part of the state and county revenue shall receive as full compensation, commission on the amount received at the rate of two percent; provided, that in counties of […]