Modifies provisions relating to the assessment of certain broadband communications equipment

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)

This act is substantially similar to HCS/HB 2711 (2026). JOSH NORBERG