MO SB1202

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

Creates a new subclass for broadband equipment placed in service before August 28, 2026, which will be assessed as tangible personal property

Sets assessment rate for broadband equipment placed in service on or after August 28, 2026 at 12% of true value for tax years 2027-2033

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

Provides detailed definition of qualifying broadband equipment including customer-premise equipment, Wi-Fi equipment, cable-modem-termination systems, and successor-technology items used to provide broadband communications service