Missouri Code of State Regulations
Title 12 - DEPARTMENT OF REVENUE
Division 30 - State Tax Commission
Chapter 2 - Original Assessment
Section 12 CSR 30-2.016 - Allocation of Unit Value

Universal Citation: 12 MO Code of State Regs 30-2.016

Current through Register Vol. 49, No. 18, September 16, 2024

PURPOSE: This rule sets forth a precise

method for the allocation of the unit value of all originally assessable companies operating in Missouri.

(1) The unit value of the following originally assessable companies operating in Missouri will be allocated to Missouri using the schedule of accounts as prescribed on the commissions' Aggregate Statement of Taxable Property in accordance with the factors set forth in this rule:

(A) Bridge Companies. The valuation allocated to Missouri should be based on the following factor:
1. The ratio of linear feet of the bridge and its approaches within the state to the entire length of the bridge and its approaches;

(B) Electric Companies. The valuation allocated to Missouri should be based on the following factors and percentage weights:
1. The ratios of total gross plant in service, total net plant in service, total operating revenues and net operating income within the state to the aggregate amounts of these factors of the electric company. These factors are assigned the following percentage weights: FactorWeight
A. Gross plant in service 30%;

B. Net plant in service 30%;

C. Total operating revenues 20%; and

D. Net operating income 20%;

(C) Natural Gas Pipeline Companies. The valuation allocated to Missouri should be based on the following factors and percentage weights:
1. The ratios of gross plant in service, net plant in service and miles of pipe (inch equivalent) within the state to the aggregate amount of these factors of the natural gas pipeline company. These factors are assigned the following percentage weights for the 1998 tax year:

FactorWeight

A. Gross plant in service 43%;

B. Net plant in service 43%; and

C. Miles of pipe (inch equivalent) 14%.

Beginning in the 1999 tax year, the factors will be assigned the following percentage weights:

FactorWeight

A. Gross plant in service 45%;

B. Net plant in service 45%; and

C. Miles of pipe (inch equivalent) 10%.

(D) Products and Liquid Pipeline Companies. The valuation allocated to Missouri should be based on the following factors and percentage weights:
1. Ratios of gross plant in service and miles of pipe (inch equivalent) and barrel miles within the state to the aggregate amount of these factors of the company. These factors are assigned the following percentage weights for the 1998 tax year:

FactorWeight

A. Gross plant in service 60%;

B. Miles of pipe (inch equivalent 15%; and

C. Barrel Miles 25%.

Beginning in the 1999 tax year, the factors will be assigned the following percentage weights:

FactorWeight

A. Gross plant in service 60%;

B. Miles of pipe (inch equivalent) 10%; and

C. Barrel Miles 30%.

(E) Railroad Companies. The valuation allocated to Missouri should be based on an arithmetic mean of the following ratios:
1. Ratio of operated mileage (excluding trackage rights) within the state to the total operated mileage of the railroad company;

2. Ratio of locomotive and car miles within the state to the total locomotive and car miles of the railroad company;

3. Ratio of railway operating revenue within the state to the total railway operating revenue of the railroad company;

4. Ratio of ton miles of revenue freight within the state to the total ton miles of revenue freight of the railroad company;

5. Ratio of revenue freight tons originating and terminating within the state to the total revenue freight tons originating and terminating of the railroad company; and

6. Ratio of undepreciated investment in road within the state to the total amount of undepreciated investment in road of the railroad company;

(F) Terminal Railroad Companies. The value allocated to Missouri should be based on an arithmetic mean of the following ratios:
1. Ratio of operated mileage (excluding trackage rights) within the state to the total operated mileage of the terminal railroad company; and

2. Ratio of undepreciated investment in road within the state to the total amount of undepreciated investment in road of the terminal railroad company;

(G) Telecommunications Companies. The valuation allocated to Missouri should be based on the following factors and percentage weights:
1. The ratios of gross plant in service, total operating revenues and net operating income within the state to the aggregate amounts of these factors for the telecommunications company. The factors are assigned the following percentage weights:

FactorWeight

A. Gross plant in service 60%;

B. Total operating revenues 20%; and

C. Net operating income 20%.

(H) Telephone Companies. The valuation allocated to Missouri should be based on the following factors and percentage weights:

1. The ratios of gross plant in service, total operating revenues and net operating income within the state to the aggregate amount of these factors for the telephone company. These factors are assigned the following percentage weights:

FactorWeight

A. Gross plant in service 60%;

B. Total operating revenues 20%;

C. Net operating income 20%. and

(I) Private Car Companies. The valuation allocated to Missouri should be based on the following ratios:

1. Ratio of total mileage within the state to the total mileage of the private car company;

2. Ratio of total loaded mileage within the state to the total loaded mileage of the private car company; and

3. Ratio of time spent within the state to the total annual time of the private car company.

*Original authority: 138.420, RSMo 1939, amended 1945, 1947, 1986; 151.030, RSMo 1939, amended 1945, 1986; and 151.060, RSMo 1939, amended 1945, 1986,1989.

Disclaimer: These regulations may not be the most recent version. Missouri may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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