John Simmons — Was noted during the roll call as Vice Chair.
John Simmons — Questions the fiscal note assumptions and notes that trust usage may be increasing among families.
John Simmons — Continues discussing trust usage and the fiscal note, noting that trusts can be an easy way to pass assets to children.
John Simmons — Argues that if capital gains are being eliminated, trusts should not be disadvantaged and the system should not be unfair to families forming trusts.
John Simmons — References the Speaker's income tax plan and says trusts should not be treated differently if income tax is eliminated.
John Simmons — Reiterates that tax treatment should be consistent across the board and thanks the chair.
John Simmons — Addressed directly in a follow-up question about whether the bill conflicts with federal law.
Jeff Coleman — Called the committee to order and was present for roll call as Chairman.
Jeff Coleman — Jeff Coleman is addressed in brief closing remarks, with repeated thanks to the chair.
HB713 — HB 713 is referenced as the earlier 2023 bill that passed the House 150-0 and then moved on to the Senate.
John Simmons — Referenced in the continuing discussion of possible amendments.
John Simmons — John Simmons followed up on earlier discussion of the bill’s depreciation schedule, asking whether assessors regularly discuss such issues, whether the proposal originated from assessors or from the sponsor’s experience as a former assessor, and what the original purpose and reasoning behind the depreciation schedule was. He also noted that an assessor witness would testify.
John Simmons — John Simmons is referenced in an ongoing discussion of the chair's point about vehicle taxation, specifically the idea of taxing a vehicle based on purchase price versus MSRP. The point is revisited with an analogy about sale items to illustrate why taxing based on the lower purchase price could be more appropriate than using MSRP.
John Simmons — Asked why the Assessor's Association would prefer a 15-year schedule instead of 12 years.
John Simmons — Addressed during the closing questions.
Kemp Strickler — Was present for roll call as Representative Strickler.
Kemp Strickler — Asked a question about Internal Revenue Code sections 1245 and 1250 after the sponsor's presentation.
Kemp Strickler — Referenced as having made a prior point about revisions to the fiscal note.
Kemp Strickler — The prior discussion is referenced as part of the committee's broader capital gains debate.
Kemp Strickler — The chair is addressed as 'Mr. Chair.'
Kemp Strickler — Referenced as having already discussed the issue with the speaker.
Kemp Strickler — Addressed as Ranking Member.
Kemp Strickler — He was thanked by name as the next member to inquire.
Kemp Strickler — Kemp Strickler is referenced as the member who raised the earlier point being followed up on, specifically the Tax Commission issue, in a brief piggybacked discussion.
Kemp Strickler — Kemp Strickler participates in a sustained discussion of Representative Reedy's bill, joking about being nudged to like it, then asking questions about the depreciation rate and how Reedy's proposal compares with current practice. The exchange continues with further references to Reedy's schedule and the bill's impact, including a later question about the last part of the bill and its revenue effects on counties, all within the same property tax/depreciation policy discussion.
Kemp Strickler — Representative Kemp Strickler is repeatedly addressed during a continuous exchange: the speaker asks if he is finished and invites him to proceed, he is then mentioned again in a clarification exchange, later his name is used in a light joke while also thanking him for his questions/comments, and he is addressed once more as the discussion continues.
Steve Butz — Was called during roll call.
Brad Christ — Was called during roll call.
Brad Christ — Brad Christ’s area is referenced as a comparison point in a discussion about vehicle age and assessment differences between counties. The speaker notes that cars in Christ’s area are likely newer than in their own area, then follows up by asking whether moving to Christ’s area would result in a higher or lower vehicle assessment.
Brad Christ — Likely the intended reference in 'Representative Chris committee'; cited as the committee where the witness used these numbers.
Mike Costlow — Was called during roll call.
Will Jobe — Was called during roll call.
Will Jobe — Representative Will Jobe continues and then directly asks follow-up questions about how cars should be valued for tax purposes, focusing on the difference between MSRP and the actual purchase price. He raises concerns about balancing fairness to Missouri car buyers with the administrative practicality of obtaining actual purchase price information.
Will Jobe — Referenced as having heard the issue in prior property tax discussions.
Ben Keathley — Was called during roll call; name was slightly mis-transcribed as "Keithley."
Sean Pouche — Was called during roll call; name was slightly mis-transcribed as "Poucher."
Sean Pouche — Was called on by name to ask questions.
Sean Pouche — Asked whether the personal vehicle depreciation schedule mirrors corporate depreciation treatment.
Sean Pouche — Questioned whether the bill's depreciation schedule is merely a general depreciation framework like business equipment valuation.
Sean Pouche — He is referenced as someone who may have heard more about inconsistency in personal property taxes.
Sean Pouche — Asked whether similar valuation problems had happened historically or were mainly caused by COVID.
Christopher Warwick — Was called during roll call.
Bill Hardwick — Identified himself as representing House District 121 and presented House Bill 2945.
John Simmons — Asks whether a section on page five could conflict with federal law.
John Simmons — Responds that the bill will not create a problem with federal law and then the chair closes the hearing on HB 2945.
John Simmons — As chair, introduces the next bill hearing.
John Simmons — Addressed as Vice Chair.
John Simmons — Asked whether the bill would matter if personal property tax were eliminated in another bill.
John Simmons — Continued questioning about whether the bill would matter if personal property tax were eliminated.
John Simmons — Asked whether tax would be based on actual sale price or MSRP when a vehicle is purchased below sticker price.