137.078. Depreciation schedules for television broadcasting equipment, definitions — true value in money, how determined — tables. — 1. 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 and commercials through the use of analog technology;
(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 | 2004 | 2005 | 2006 | 2007 |
| Acquisition | Tax Year | Tax Year | Tax Year | 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) "Digital equipment", all depreciable items of tangible personal property that are used directly or indirectly in broadcasting television shows and commercials through the use of digital technology;
(6) "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;
(7) "Television broadcasting equipment", both analog equipment and digital equipment.
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 fair 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 | 2004 | 2005 | 2006 | 2007 |
| Acquisition | Tax Year | Tax Year | Tax Year | 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 | 2004 | 2005 | 2006 | 2007 |
| Acquisition | Tax Year | Tax Year | Tax Year | 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% |
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(L. 2004 S.B. 1394)
Effective 1-1-05
---- end of effective 01 Jan 2005 ----
| - All versions | ||||
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| Effective | End | |||
| 137.078 | 8/28/2005 | |||
| 137.078 | 1/1/2005 | 8/28/2005 | ||
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