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Posts tagged #InfrastructureValuation

Citizen Portal News Missouri

@citizenptnewsmo.bsky.social

1 month ago

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Committee hears competing views on a 20‑year depreciation schedule for pipelines and utility infrastructure House Bill 18‑92 would impose a consistent depreciation schedule (20 years) for certain permanent infrastructure used in utilities and other long‑lived systems. Industry groups and utilities favor the measure for consistency; county assessors warned of lost local revenue and said a 50‑year schedule is commonly used in rate‑making.

A proposed bill in Missouri aims to standardize the depreciation of utility infrastructure, but could it cost counties millions in lost revenue?

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#MO #CitizenPortal #MissouriUtilities #LocalRevenue #TaxReform #InfrastructureValuation

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Citizen Portal News Vermont

@citizenptnewsvt.bsky.social

1 month ago

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Ways & Means hears $500,000 request to fund statewide valuation of telecommunications property The Department of Taxes asked the Ways & Means committee for a $500,000 appropriation to contract a vendor to inventory and value telecommunications property statewide, citing a 2024 law that redefined communication property and pushed implementation to July 2026.

The Vermont Department of Taxes is seeking $500,000 to revolutionize how we value telecommunications property, ensuring fair assessments across the state by 2026!

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#VT #InfrastructureValuation #TaxReform #VermontTelecommunications #CitizenPortal #CivicAccountability

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