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MO HB956
Bill
Status
2/12/2015
Primary Sponsor
Lyndall Fraker
Click for details
AI Summary
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Changes the cap on Infrastructure System Replacement Surcharge (ISRS) revenues from 10% of base revenue to 1.25% of annual incremental Missouri gross jurisdictional revenues, excluding pass-through taxes like gross receipts and sales taxes
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Extends the required timeframe between general rate proceedings from 3 years to 5 years for gas corporations to maintain ISRS eligibility
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Allows gas corporations to collect applicable gross receipts tax, sales tax, and similar pass-through taxes in addition to the ISRS rate adjustment, without counting those taxes against the 1.25% cap
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Preserves the authority of the commission, public counsel, local government officials, and groups of at least 25 consumers to file complaints alleging unreasonable or unlawful rates under section 386.390
Legislative Description
Modifies provisions relating to gas corporations
Last Action
Laid Over (H)
4/29/2015