MO HB1915

Establishes a specific valuation formula for wind energy generating devices with a nameplate rating of 500 kilowatts or more installed on or after January 1, 2015, that produce wind energy for commercial sale.

Sets the base value of such wind devices at $360,000 per megawatt of capacity, adjusted annually by the Consumer Price Index for All Urban Consumers (CPI-U).

Allows a physical depreciation allowance calculated by dividing the device's age by 25 and multiplying by the base value, with depreciation capped at 70 percent of the calculated value.

Applies to assessments occurring on or after January 1, 2015, replacing general property valuation methods with this standardized formula for qualifying wind energy devices.