MO SB305

Telephone companies may annually elect to have their land and buildings assessed under existing utility property tax methodology (Section 153.030) while having all other property assessed using the depreciation schedule methodology under Section 137.122

The election allows telephone companies to separate their property into two categories: real property (land and buildings) versus tangible personal property (equipment, infrastructure)

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

Amends Section 153.030, RSMo, which governs property taxation of utilities including telegraph, telephone, electric power and light companies, pipeline companies, and express companies