Bill > SB275

This bill provides a sales tax exemption for the production of electricity. It also includes several other provisions related to electric vehicles, water and sewer utilities, and natural gas discounts. The key provisions are: - Exempting the production of electricity from sales tax, including electricity generation equipment and infrastructure. This exemption applies to public utilities and is intended to provide cost savings that can be passed on to ratepayers. - Limiting the ability of local governments to require the installation of electric vehicle charging stations, and prohibiting requirements for schools and religious organizations to install such stations. - Establishing a depreciation schedule for real property used for water and sewer transportation and storage, and requiring taxpayers to provide certain information to assessors regarding this property. - Allowing certain large energy customers ("accelerated renewable buyers") to use renewable energy to offset their electricity load and be exempt from utility renewable energy standard compliance costs. - Providing discounted natural gas rates for new or expanded load from certain large customers, as long as the discounted rates cover the utility's variable costs and contribute to fixed costs.

Budget and Finance, Business and Industry, Government Affairs

https://www.senate.mo.gov/23info/BTS_Web/Bill.aspx?SessionType=R&BillID=44517