Modifies provisions governing tangible personal property assessments of boats

This bill changes how certain boats and related items are taxed for property purposes in Missouri. It requires houseboats, cabin cruisers, and floating boat docks to be assessed in the county where they are physically located rather than where the owner lives. Additionally, motorboats and vessels stored at a marina or on a lift outside the owner's home county will be taxed in that location if they are not regularly driven back and forth. The legislation also clarifies that no single item can be taxed in more than one county and outlines specific rules for assessing farm equipment and vehicles used in interstate commerce.