Missouri legislation · 2026 Regular Session
Missouri SB1202: Modifies provisions relating to the assessment of certain broadband communications equipment
Status: In committee, February 11, 2026
SB 1202 - This act provides that the definition of "tangible personal property" shall, for the purposes of property taxation, include machinery and equipment used to provide broadband communications service, as described in the act. (Section 137.010) This act also creates a new subclass of tangible personal property that includes machinery and equipment used to provide broadband communications service and that is placed in service on or after August 28, 2026. All such property shall be assessed at 12% of its true value in money for the 2027-2033 calendar years, and at 33.3% of its true value in money for the 2034 and all subsequent calendar years. (Sections 137.080 and 137.115) JOSH NORBERG
What the bill says
From the introduced text:
SECOND REGULAR SESSION SENATE BILL NO. 1202 103RD GENERA L ASSEMBLY INTRODUCED BY SENATOR HUDSON. 5493S.01I KRISTINA MARTIN, Secretary 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. Section A. Sections 137.010, 137.080, and 137.115, RSMo, are repealed and three new sections enacted in lieu thereof, to be known as sections 137.010, 137.080, and 137.115, to read as follows: 137.010. The following words, terms and phrases when used in laws governing taxation and revenue in the state of Missouri shall have the meanings ascribed to them in this section, except when the context clearly indicates a different meaning: (1) "Grain and other agricultural crops in an unmanufactured condition" shall mean grains and feeds including, but not limited to, soybeans, cow peas, wheat, corn, oats, barley, kafir, rye, flax, grain sorghums, cotton, and such other products as are usually stored in grain and other elevators and on farms; but excluding such grains and other agricultural crops after being processed into products of such processing, when packaged or sacked. The term "processing" shall not include hulling, cleaning, drying, grating, or polishing; EXPLANATION-Matter enclosed in bold-faced brackets [thus] in this bill is not enacted and is intended to be omitted in the law. SB 1202 (2) …