|
HCS/SB 207 - This act modifies provisions pertaining to energy and property taxation. SECTIONS 137.010, 137.080, & 137.115 - HYDROELECTRIC POWER GENERATING EQUIPMENT This act classifies hydroelectric power generating equipment as tangible personal property for purposes of property taxation. Hydroelectric power generating equipment will be assessed at one percent of its true value in money. These sections are similar to SB 357 (2011). SECTION 137.073 - PROPERTY TAX This act allows any political subdivision that approved a tax increase after August 27, 2008, to levy a rate to collect substantially the same amount of tax revenue as would have been collected by applying the voter-approved increased tax rate ceiling to the total assessed valuation of the political subdivision on or before the election date, increased by the percentage increase in the federal Consumer Price Index. This section is identical to the same section in the perfected HB 737 (2011). SECTION 393.1075 - ENERGY EFFICIENCY PROGRAMS Under current law, an electric utility customer who has received a tax credit for low-income housing or historic preservation is ineligible to participate in an energy-efficiency program offered by the utility if the program provides a monetary incentive. This act makes an exception to this prohibition if the program is designed for low-income customers. SECTION 386.850 - MISSOURI ENERGY TASK FORCE This act repeals the statute that requires the Missouri Energy Task Force to reconvene at least once per year to review and report on progress made toward accomplishing the recommendations contained in the task force's final report. ERIKA JAQUES
|
