Revisor Home

Title X TAXATION AND REVENUE

Chapter 153

Effective - 20 Jun 1986, see footnote bottom

  153.036.  Pipeline companies, distributable and local property, definitions. — 1.  The term "distributable property" of a pipeline company shall include all the real and tangible personal property owned, used, leased, or otherwise controlled which is used directly for transportation of gaseous or liquid products, but not property used as a collateral facility nor property held for purposes other than those of a pipeline.  Such distributable property includes, but is not limited to:

  (1)  Field lines, line pipe and fittings;

  (2)  Compressor station equipment and buildings;

  (3)  Pumping equipment and buildings;

  (4)  Measuring and regulating equipment and housing buildings;

  (5)  Communications equipment used for control of transportation of gas or liquid products;

  (6)  Land and rights-of-way associated with other distributable property.

  2.  The term "local property" of a pipeline company shall include all real and tangible personal property owned, used, leased or otherwise controlled by the pipeline company, not used directly in the transportation of gaseous or liquid products, and not defined in subsection 1 of this section as distributable property.  Such local property includes, but is not limited to:

  (1)  Motor vehicles;

  (2)  Construction work in progress;

  (3)  Materials and supplies;

  (4)  Office furniture, office equipment, and office fixtures;

  (5)  Land held for future use;

  (6)  Communication equipment not used for control of the movement of gaseous or liquid products;

  (7)  Workshops, office buildings, warehouses, storage tanks, loading and unloading facilities;

  (8)  Land associated with other locally assessed property.

­­--------

(L. 1986 H.B. 1022, et al.)

Effective 6-20-86


---- end of effective   20 Jun 1986 ----

use this link to bookmark section  153.036


In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions

Site changes Contact
Other Links
Oversight Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House

@10:03:45.1 13 :)