Bill > HB2208

This bill modifies provisions relating to property tax assessments in Missouri. Key changes include: 1. Defining "real property" to include specific items like hydroelectric power generating equipment, installed poles used for electricity/signal transmission, and certain stationary property used for liquid and gaseous product storage and transportation. 2. Updating the definition of "tangible personal property" to include certain stationary property used for natural gas, water, and sewage storage and transportation. 3. Establishing a standardized depreciation schedule for assessing the value of depreciable tangible personal property for tax purposes, while allowing taxpayers to provide evidence to rebut the presumed assessments. 4. Requiring electrical, gas, sewer, and water corporations to defer differences in actual property tax expenses compared to those used to set rates, and include those deferred amounts in subsequent rate proceedings without offset.