MO HB2711

Classifies machinery and equipment used to provide wired or wireless broadband communications service as tangible personal property, including wires, cables, fiber, antennas, poles, switches, routers, modems, and related infrastructure

Creates a new subclass for new fiber and broadband communications equipment placed in service on or after August 28, 2026

Sets assessment rate for qualifying new broadband equipment at 12% of true value for calendar years 2027 through 2033

Increases assessment rate for qualifying broadband equipment to 33.33% of true value beginning January 1, 2034

Amends sections 137.010, 137.080, and 137.115 RSMo governing taxation definitions, personal property subclasses, and assessment procedures