HB 349 Christofanelli, Phil Perfected
HB 349 -- PROPERTY TAXES (Christofanelli)
COMMITTEE OF ORIGIN: Standing Committee on Utilities
This bill reclassifies stationary property used for transportation or storage of liquid and gaseous products, including, but not limited to, natural gas that is not propane or LP gas, water, and sewage, from real property to tangible personal property (Section 137.010, RSMo).
Beginning January 1, 2023, the provisions of current law relating to depreciable tangible personal property will 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 (Section 137.122).
This bill is the same as HB 2208 (2022).