Missouri Laws 386.371 – Taxes and costs paid by public utility on reclassification of personal ..
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Terms Used In Missouri Laws 386.371
- Commission: the "Public Service Commission" hereby created. See Missouri Laws 386.020
- Property: includes real and personal property. See Missouri Laws 1.020
- Public utility: includes every pipeline corporation, gas corporation, electrical corporation, telecommunications company, water corporation, heating company or refrigerating corporation, and sewer corporation, as these terms are defined in this section, and each thereof is hereby declared to be a public utility and to be subject to the jurisdiction, control and regulation of the commission and to the provisions of this chapter. See Missouri Laws 386.020
- Rate: every individual or joint rate, fare, toll, charge, reconsigning charge, switching charge, rental or other compensation of any corporation, person or public utility, or any two or more such individual or joint rates, fares, tolls, charges, reconsigning charges, switching charges, rentals or other compensations of any corporation, person or public utility or any schedule or tariff thereof. See Missouri Laws 386.020
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Service: includes not only the use and accommodations afforded consumers or patrons, but also any product or commodity furnished by any corporation, person or public utility and the plant, equipment, apparatus, appliances, property and facilities employed by any corporation, person or public utility in performing any service or in furnishing any product or commodity and devoted to the public purposes of such corporation, person or public utility, and to the use and accommodation of consumers or patrons. See Missouri Laws 386.020
- Statute: A law passed by a legislature.
All taxes and costs of financing taxes which are paid subsequent to August 1, 1992, by a public utility, as defined in chapter 386, on real property in the rate base of the public utility caused by a reclassification of personal property to real property may be recoverable in the service rates of the public utility, and the public service commission shall utilize administrative remedies available to it under statute and previous commission orders to consider the recoverability of such tax rates.