Missouri § 155.050 - Apportionment of valuation to local taxing areas.
Full text of Missouri Revised Statutes of Missouri § 155.050 — Apportionment of valuation to local taxing areas., with citation guidance and answers to common questions.
§ 155.050. Apportionment of valuation to local taxing areas.
The state tax commission shall apportion the aggregate value of the commercial aircraft of an airline company, as determined under the provisions of section 155.040, to each county, municipal township, city, incorporated town, special road districts, library districts, school districts which levy taxes for library purposes pursuant to section 137.030, public water supply, fire protection and sewer districts or subdivisions, except other school districts, in which the airline company has arrivals and departures of its commercial aircraft. This apportionment shall be made on the ratio which the number of arrivals and departures of its commercial aircraft within the political subdivision of this state bears to the total number of arrivals and departures of its commercial aircraft within this state during the immediately preceding calendar year, except that when any municipality in this state owns and operates an airport outside its corporate limits, the valuation determined hereunder shall also be apportioned to such municipality.
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(L. 1959 S.B. 179 § 5 subsec. 1, A.L. 1990 H.B. 1280)
(1963) Provision of section 155.050 providing for apportionment of assessed valuation of aircraft of airlines to city owning and operating an airport outside its corporate limits in which airlines had arrivals and departures, and city's attempted levy of tangible personal property taxes on such apportioned valuation were invalid and void is violation of due process clauses of state and federal constitutions. American Airlines, Inc. v. City of St. Louis (Mo.), 368 S.W.2d 161.
---- end of effective 28 Aug 1990 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 155.050
What does Revised Statutes of Missouri § 155.050 cover?
Section 155.050 ("Apportionment of valuation to local taxing areas.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 155.050?
A common citation format is "Revised Statutes of Missouri § 155.050" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 155.050 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.