137.095. Corporate property, where taxed.
Corporate property, where taxed.
137.095. 1. The real and tangible personal property of allcorporations operating in any county in the state of Missouri andin the city of St. Louis, and subject to assessment by county ortownship assessors, shall be assessed and taxed in the county inwhich the property is situated on the first day of January of theyear for which the taxes are assessed, and every general orbusiness corporation having or owning tangible personal propertyon the first day of January in each year, which is situated inany other county than the one in which the corporation islocated, shall make return to the assessor of the county ortownship where the property is situated, in the same manner asother tangible personal property is required by law to bereturned, except that all motor vehicles which are the propertyof the corporation and which are subject to regulation underchapter 390, RSMo, shall be assessed for tax purposes in thecounty in which the motor vehicles are based.
2. For the purposes of subsection 1 of this section, theterm "based" means the place where the vehicle is most frequentlydispatched, garaged, serviced, maintained, operated or otherwisecontrolled, except that leased passenger vehicles shall beassessed at the residence of the driver or, if the residence ofthe driver is unknown, at the location of the lessee.
(L. 1945 p. 1799 § 9, L. 1945 p. 1782 § 27, A.L. 1959 H.B. 108, A.L. 1965 p. 255, A.L. 1994 S.B. 652 merged with S.B. 662 & 459)(1966) The word "situated" as used in this section connotes a more or less permanent location or situs. Buchanan County v. State Tax Commission (Mo.), 407 S.W.2d 910.
(1987) The rolling stock of a transportation company has been held to be "based", as that term is used in this section, at the physical location from which the business is operated, rather than the physical location at which the stock is kept or the physical location from which the stock is dispatched. Be-Mac Transport Co., Inc., v. State Tax Commission, 725 S.W.2d 599 (Mo.banc)