Modifies provisions governing tangible personal property assessments of boats

HB 54 changes how boats and certain watercraft are taxed across counties in Missouri. It specifies that houseboats, cabin cruisers, and manufactured homes used for lodging must be taxed in the county where they are located, rather than the owner’s county. For motorboats and vessels stored outside the owner’s county (e.g., on a lift or in a marina, not regularly moved back), assessment occurs where the boat is stored. This bill directly affects boat owners, counties, and local tax authorities by clarifying assessment locations to prevent double taxation or confusion.