MO HB2402

Establishes a fixed property tax assessment of $2,500 per megawatt of nameplate capacity for solar energy projects beginning January 1, 2027, applying to all real property (excluding land) associated with such projects

Reclassifies land associated with solar energy projects exceeding 5 megawatts as subclass (3) commercial real property, and classifies solar equipment as subclass (7) tangible personal property assessed at 5% of true value

Allows county commissions to opt in to a 4% cap on cropland that can be used for solar energy projects, based on USDA Census of Agriculture data, with utility-owned acres exempt from the calculation

Requires solar energy projects built after January 1, 2027 to maintain setback distances of at least 500 feet from occupied dwellings, churches, or schools, unless affected property owners provide written consent

Removes the August 9, 2022 construction deadline that previously limited which solar installations qualified for favorable tax treatment, extending those provisions to all solar projects generating electricity for resale