Modifies provisions relating to utilities

HB 445 modifies Missouri's property tax rules for solar energy projects. It exempts solar projects built before December 31, 2024, or with a capacity of one megawatt or less from significant property taxes, capping annual taxes at $500 per megawatt for these projects. For larger solar installations built after 2024, assessors must determine true property value starting January 1, 2025. The bill also clarifies that existing tax exemptions and agreements remain unaffected, and these provisions expire on December 31, 2050. This primarily affects solar energy property owners and local assessors in Missouri.