SB 427 - Beginning January 1, 2026, the provisions of current law relating to depreciable tangible personal property shall apply to all stationary property used for transportation or storage of liquid and gaseous products, including, but not limited to, natural gas that is not LP gas, water, and sewage that was or will be placed in service at any time. To estimate the value of such stationary property, this act requires that the assessor shall value such property by applying the twenty-year depreciation schedule provided in current law to the original cost of the property. The presumption as to the proper method of determining the assessed value of such property shall apply regardless of when such property was placed in service. The act requires each taxpayer to provide to the assessor, upon written request from the assessor received no later than January 31 of the applicable tax year, the original cost and year placed in service of such property summarized in a format that is substantially similar to the real property reporting and valuation forms contained in section 7.4 of the State Tax Commission assessor manual (revision date March 23, 2016). Such information shall be provided for each taxing district within the assessor's jurisdiction if the assessor's written request includes a description of each taxing district that is sufficient to enable the taxpayer to provide such information and such information is maintained by and readily available to the taxpayer. The taxpayer shall certify that the information provided to the assessor is accurate to the best of its knowledge. All information provided to an assessor pursuant to this act shall be considered proprietary information and shall be accessible only to the assessor and the assessor's staff for internal use only. (Section 137.122) This act is identical to HB 2110 (2024) and to a provision in SB 5 (2025), SB 214 (2025), HB 445 (2025), HCS/HB 531 (2025), HB 1059 (2025), and SB 896 (2024), and is substantially similar to SB 533 (2023), HB 349 (2023), SB 196 (2021), SCS/SB 785 (2020), and HCS/HB 1907 (2020), and to provisions in SCS/SB 944 (2022) and HCS/HB 2208 (2022). JOSH NORBERG