Modifies provisions relating to delinquent property taxes

SB 725 modifies Missouri's rules for late property taxes. It changes the penalty for delinquent taxes from an 18% annual rate to a maximum of 2% per month (or fraction) for properties redeemed before a sale, and allows local tax collectors to waive penalties if "good cause" is shown. This directly affects property owners who fall behind on taxes and local tax collectors who process these cases. The bill makes the penalty structure less punitive for early redemption and gives collectors discretion to reduce penalties in specific situations.