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MO HB1276
Bill
Status
3/12/2015
Primary Sponsor
Stephen Webber
Click for details
AI Summary
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Commercial wind energy devices with nameplate ratings of 500 kilowatts or more installed on or after January 1, 2016 shall be valued at $360,000 per megawatt of capacity for property tax assessment purposes
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The $360,000 per megawatt valuation shall be adjusted annually based on the Consumer Price Index for All Urban Consumers (CPI-U)
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Physical depreciation is allowed, calculated by dividing the device's age by 25 and multiplying by the base value, with depreciation capped at 70% of the calculated value
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Amends Section 137.115, RSMo, which governs property assessments in Missouri
Legislative Description
Changes the laws regarding property tax assessments for certain wind energy devices
Last Action
Referred: Ways and Means(H)
5/15/2015