Bill > HB1059

This bill modifies provisions relating to utilities across several areas of Missouri state law. The bill makes changes to how solar energy property is assessed for tax purposes, with a provision that solar energy projects built before December 31, 2024, or with an output of one megawatt or less, will be considered minimal in value. For tax assessment purposes, the bill limits tax liability for such projects to $500 per megawatt. The bill also introduces provisions for electric utilities regarding renewable energy portfolio requirements, creating a new category of "accelerated renewable buyers" who can contract for renewable energy certificates and be exempt from certain compliance costs. Additionally, the bill modifies regulations for water and sewer utilities, including rules for acquisitions, rate base calculations, and infrastructure system replacement surcharges. The bill also introduces a new provision for gas corporations, allowing economic development discounts for customers with significant incremental load. These changes aim to provide more flexibility for utility companies, encourage renewable energy development, and create economic incentives for business expansion, while maintaining regulatory oversight through the Missouri Public Service Commission.

Transportation and Infrastructure

https://house.mo.gov/Bill.aspx?bill=HB1059&year=2025&code=R