Section 137.078 - Depreciation schedules for broadcasting equipment, definitions - true value in money, how determined - tables1. For purposes of this section, the following terms shall mean: (1)"Analog equipment", all depreciable items of tangible personal property that are used directly or indirectly in broadcasting television shows, radio programs, or commercials through the use of analog technology, including studio broadcast equipment, transmitter and antenna equipment, and broadcast towers;(2)"Applicable analog fraction", a fraction, the numerator of which is the total number of analog television sets in the United States for the immediately preceding calendar year and the denominator of which is an amount representing the total combined number of analog and digital television sets in the United States for the immediately preceding calendar year. The applicable analog fraction will be determined on an annual basis by the Missouri Broadcasters Association;(3)"Applicable analog percentage", the following percentages for the following years: Year of Acquisition | 2004 Tax Year | 2005 Tax Year | 2006 Tax Year | 2007 Tax Year |
| | | | 1% |
2006 | | | | 1% |
2005 | | | 25% | 1% |
2004 | | 50% | 25% | 1% |
2003 | 75% | 50% | 25% | 1% |
2002 | 75% | 50% | 25% | 1% |
2001 | 75% | 50% | 25% | 1% |
2000 | 75% | 50% | 25% | 1% |
1999 | 75% | 50% | 25% | 1% |
1998 | 75% | 50% | 25% | 1% |
Prior | 75% | 50% | 25% | 1% |
(4)"Applicable digital fraction", a fraction, the numerator of which is the total number of digital television sets in the United States for the immediately preceding calendar year and the denominator of which is an amount representing the total combined number of analog and digital television sets in the United States for the immediately preceding calendar year. The applicable digital fraction will be determined on an annual basis by the Missouri Broadcasters Association;(5)"Broadcast towers", structures with a function that includes holding television or radio broadcasters' antennae, repeaters, or translators at the height required or needed to transmit over-the-air signals or enhance the transmission of the signals. This term also includes the structures at least partially used by television broadcasters or radio broadcasters to provide weather radar information to the public. For property tax assessment purposes, broadcast towers are classified as tangible personal property;(6)"Digital equipment", all depreciable items of tangible personal property that are used directly or indirectly in broadcasting television shows, radio programs, or commercials through the use of digital technology, including studio broadcast equipment, transmitter and antenna equipment, and broadcast towers;(7)"Radio broadcasters", all businesses that own, lease, or operate radio broadcasting stations that transmit radio shows and commercials and that are required to be licensed by the Federal Communications Commission to provide such services;(8)"Radio broadcasting equipment", both analog equipment and digital equipment;(9)"Studio broadcast equipment", studio equipment that receives, produces, modifies, controls, measures, modulates, adds to or subtracts from, or enhances signals in the process that results in over-the-air signals for television broadcasters or radio broadcasters;(10)"Television broadcasters", all businesses that own, lease, or operate television broadcasting stations that transmit television shows and commercials and that are required to be licensed by the Federal Communications Commission to provide such services;(11)"Television broadcasting equipment", both analog equipment and digital equipment;(12)"Transmitter and antenna equipment", equipment with functions that include transmitting signals from broadcast studios by increasing the power, tuning signals to the frequency allowed by regulatory authorities, and broadcasting signals to the public for television broadcasters or radio broadcasters.2. In response to recent action by the Federal Communications Commission, as described by the commission in the fifth report and order, docket number 97-116, for purposes of assessing all items of television broadcasting equipment that are owned and used by television broadcasters for purposes of broadcasting television shows and commercials: (1) The true value in money of all analog equipment shall be determined by depreciating the historical cost of such property using the depreciation tables provided in subdivision (1) of subsection 3 of this section and multiplying the results by the applicable analog percentage. The result of the second computation is multiplied by the applicable analog fraction to determine the true value in money of the analog equipment; and(2) The true value in money of all digital equipment shall be determined by depreciating the historical cost of such property using the depreciation tables provided in subdivision (2) of subsection 3 of this section and multiplying the results by the applicable digital fraction to determine the true value in money of the digital equipment.3. For purposes of subsection 2 of this section, the depreciation tables for determining the true value in money of television broadcasting equipment are as follows:(1) For analog equipment, the following depreciation tables will apply for the following years: Year of Acquisition | 2004 Tax Year | 2005 Tax Year | 2006 Tax Year | 2007 Tax Year |
2006 | | | | 65% |
2005 | | | 65% | 45% |
2004 | | 65% | 45% | 30% |
2003 | 65% | 45% | 30% | 20% |
2002 | 45% | 30% | 20% | 10% |
2001 | 30% | 20% | 10% | 5% |
2000 | 20% | 10% | 5% | 5% |
1999 | 10% | 5% | 5% | 5% |
1998 | 5% | 5% | 5% | 5% |
Prior | 5% | 5% | 5% | 5% |
(2) For digital equipment, the following depreciation tables will apply for the following years: Year of Acquisition | 2004 Tax Year | 2005 Tax Year | 2006 Tax Year | 2007 Tax Year |
2006 | | | | 65% |
2005 | | | 65% | 45% |
2004 | | 65% | 45% | 30% |
2003 | 65% | 45% | 30% | 20% |
2002 | 45% | 30% | 20% | 10% |
2001 | 30% | 20% | 10% | 5% |
2000 | 20% | 10% | 5% | 5% |
1999 | 10% | 5% | 5% | 5% |
1998 | 5% | 5% | 5% | 5% |
Prior | 5% | 5% | 5% | 5% |
4. Beginning January 1, 2008, for purposes of assessing all items of television broadcasting equipment that are owned and used by television broadcasters for purposes of broadcasting television shows and commercials, the following depreciation tables will be used to determine their true value in money. The percentage shown for the first year shall be the percentage of the original cost used for January first of the year following the year of acquisition of the property, and the percentage shown for each succeeding year shall be the percentage of the original cost used for January first of the respective succeeding year as follows: Year | Studio Broadcast Equipment | Transmitter and Antenna Equipment | Broadcast Tower |
1 | 65% | 91% | 96% |
2 | 45% | 82% | 93% |
3 | 30% | 73% | 89% |
4 | 20% | 64% | 86% |
5 | 10% | 55% | 82% |
6 | 5% | 46% | 79% |
7 | | 37% | 75% |
8 | | 28% | 72% |
9 | | 19% | 68% |
10 | | 10% | 65% |
11 | | | 61% |
12 | | | 58% |
13 | | | 54% |
14 | | | 51% |
15 | | | 47% |
16 | | | 44% |
17 | | | 40% |
19 | | | 33% |
20 | | | 30% |
21 | | | 27% |
22 | | | 24% |
23 | | | 21% |
24 | | | 18% |
25 | | | 15% |
Television broadcasting equipment in all recovery periods shall continue in subsequent years to have the depreciation percentage last listed in the appropriate column so long as it is owned or held by the taxpayer.
5. Effective January 1, 2006, for purposes of assessing all items of radio broadcasting equipment that are owned and used by radio broadcasters for purposes of broadcasting radio programs and commercials, the following depreciation tables will be used to determine their true value in money. The percentage shown for the first year shall be the percentage of the original cost used for January first of the year following the year of acquisition of the property, and the percentage shown for each succeeding year shall be the percentage of the original cost used for January first of the respective succeeding year as follows: Year | Studio Broadcast Equipment | Transmitter and Antenna Equipment | Broadcast Tower |
1 | 65% | 91% | 96% |
2 | 45% | 82% | 93% |
3 | 30% | 73% | 89% |
4 | 20% | 64% | 86% |
5 | 10% | 55% | 82% |
6 | 5% | 46% | 79% |
7 | | 37% | 75% |
8 | | 28% | 72% |
9 | | 19% | 68% |
10 | | 10% | 65% |
11 | | | 61% |
12 | | | 58% |
13 | | | 54% |
14 | | | 51% |
15 | | | 47% |
16 | | | 44% |
17 | | | 40% |
19 | | | 33% |
20 | | | 30% |
21 | | | 27% |
22 | | | 24% |
23 | | | 21% |
24 | | | 18% |
25 | | | 15% |
Radio broadcast equipment in all recovery periods shall continue in subsequent years to have the depreciation percentage last listed in the appropriate column so long as it is owned or held by the taxpayer.
L. 2004S.B. 1394 , A.L. 2005H.B. 58 merged with H.B. 461 merged with S.B. 210