Bill > SB1202

This bill modifies provisions related to the assessment of broadband communications equipment for tax purposes. Specifically, the legislation adds a new category of tangible personal property that includes machinery and equipment used to provide broadband communications service, such as wires, cables, fiber, antennas, poles, switches, routers, and various other technical components used in broadband infrastructure. The bill establishes a unique tax assessment schedule for this equipment, with different assessment rates depending on when the equipment is placed in service. For broadband equipment placed in service between August 28, 2026, and December 31, 2033, the assessment rate will be 12% of its true value, and after January 1, 2034, the rate will increase to 33.33%. The legislation defines broadband communications service equipment comprehensively, including both hardware and software components used to monitor, test, maintain, enable, or facilitate broadband infrastructure. This change aims to provide a clear framework for assessing and taxing broadband-related equipment, potentially incentivizing broadband infrastructure development by offering a lower initial assessment rate.

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https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=299