MO HB857

Beginning January 1, 2017, telephone companies may annually elect to have their property (other than land and buildings) assessed using the depreciation schedule methodology under section 137.122, rather than the traditional utility assessment method

Land and buildings owned by telephone companies would continue to be assessed under the existing section 153.030 methodology used for utility property taxation

The State Tax Commission retains original assessment jurisdiction over telephone company property regardless of which assessment method is elected

The new assessment option applies exclusively to telephone companies and does not extend to any other utilities (telegraph, electric, pipeline, or express companies)