HB 2711 — Modifies provisions relating to the assessment of certain broadband communications equipment

SECOND REGULAR SESSION [PERFECTED] HOUSE COMMITTEE SUBSTITUTE FOR HOUSE BILL NO.

2711 103RD GENERAL ASSEMBLY 6029H.02C6029H.02P JOSEPH ENGLER, Chief Clerk AN ACT To repeal sections 137.010, 137.080, and 137.115, RSMo, and to enact in lieu thereof three new sections relating to the assessment of certain broadband communications equipment.

(3) "Intangible personal property", for the purpose of taxation, shall include all property other than real property and tangible personal property, as defined by this section;

HCS HB 2711 2 (4)(3) "Real"Intangible property"personal includesproperty", landfor itself,the whetherpurpose laidof outtaxation, inshall towninclude lots or otherwise, and all growingproperty crops,other buildings,than structures,real improvementsproperty and fixturestangible ofpersonal whateverproperty, kindas thereon,defined hydroelectricby powerthis generatingsection; equipment, the installed poles used in the transmission or reception of electrical energy, audio signals, video signals or similar purposes, provided the owner of such installed poles is also an owner of a fee simple interest, possessor of an easement, holder of a license or franchise, or is the beneficiary of a right-of- way dedicated for public utility purposes for the underlying land;

(4) "Real property" includes land itself, whether laid out in town lots or otherwise, and all growing crops, buildings, structures, improvements and fixtures of whatever kind thereon, hydroelectric power generating equipment, the installed poles used in the transmission or reception of electrical energy, audio signals, video signals or similar purposes, provided the owner of such installed poles is also an owner of a fee simple interest, possessor of an easement, holder of a license or franchise, or is the beneficiary of a right-of- way dedicated for public utility purposes for the underlying land;

(a) Solarpanels,Solar panels, racking systems, inverters, and related solar equipment, components, materials, and supplies installed in connection with solar photovoltaic energy systems, as described in subdivision (46) of subsection 2 of section 144.030, that were constructed and producing solar energy prior to August 9, 2022;

Machinery and equipment used to provide wired or wireless broadband communications service shall include, but not be limited to, wires, cables, fiber, conduits, antennas, poles, switches, routers, amplifiers, rectifiers, repeaters, receivers, multiplexers, duplexers, transmitters, circuit cards, insulating and protective materials and cases, power equipment, backup power equipment, diagnostic equipment, storage devices, customer-premise equipment, modems, software, cable-modem- termination-system components, Wi-Fi equipment, and other general central-office, HCS HB 2711 3 headend, or hub equipment such as channel cards, frames, and cabinets, and any successor-technology items used to monitor, test, maintain, enable, or facilitate HCS HB 2711 3 qualifying equipment, machinery, ancillary components, appurtenances, accessories, or other infrastructure used in whole or in part to provide wired or wireless broadband communications service.

The true value in money of any possessory interest in real property in subclass (3), where such real property is on or lies within the ultimate airport boundary as shown by a federal airport layout plan, as defined by 14 CFR 151.5, of a HCS HB 2711 4 commercial airport having a FAR Part 139 certification and owned by a political subdivision, shall be the otherwise applicable true value in money of any such possessory interest in real HCS HB 2711 4 property, less the total dollar amount of costs paid by a party, other than the political subdivision, towards any new construction or improvements on such real property completed after January 1, 2008, and which are included in the above-mentioned possessory interest, regardless of the year in which such costs were incurred or whether such costs were considered in any prior year.

HCS HB 2711 5 (1) The findings of the assessor based on an appraisal of the property by generally accepted appraisal techniques;

and HCS HB 2711 5 (2) The purchase prices from sales of at least three comparable properties and the address or location thereof.

and (8) (a) NewFor the purpose of promoting expansion of fiber and broadband communications services in the state, new machinery and equipment that is used to provide fiber and broadband communications service and that is placed in service on or HCS HB 2711 6 after August 28, 2026, twelve percent for all calendar years beginning on or after January 1, 2027, and ending on or before December 31, 2033;

and HCS HB 2711 6 (b) New machinery and equipment that is used to provide fiber and broadband communications service and that is placed in service on or after August 28, 2026, thirty- three and one-third percent for all calendar years beginning on or after January 1, 2034.

Each manufactured home assessed shall be considered a parcel for the purpose of reimbursement pursuant to section 137.750, unless the manufactured home is deemed to be HCS HB 2711 7 real estate as defined in subsection 7 of section 442.015 and assessed as a realty improvement to the existing real estate parcel.

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A physical inspection, as required by subsection 10 of this section, shall include, but not be limited to, an on-site personal observation and review of all exterior portions of the land and any buildings and improvements to which the inspector has or may reasonably and HCS HB 2711 8 lawfully gain external access, and shall include an observation and review of the interior of any buildings or improvements on the property upon the timely request of the owner pursuant to subsection 11 of this section.

960, ninety-second general assembly, second regular session, for the next year of general HCS HB 2711 9 reassessment, by an affirmative vote of the governing body prior to December thirty-first of any year.

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