April 9, 2014

BENTON -- Scott County and 15 other counties in Missouri are currently in an appeal process with the State Tax Commission over Ameren-Union Electric Company's refusal to pay taxes for the 2013 tax year. The counties assessed Ameren-Union Electric Company (Ameren) taxes based on the standard taxing calculations of original cost less depreciation of the property multiplied by the percentage of taxes by statute, according to a news release from the office of Scott County Prosecuting Attorney Paul Boyd. ...

BENTON -- Scott County and 15 other counties in Missouri are currently in an appeal process with the State Tax Commission over Ameren-Union Electric Company's refusal to pay taxes for the 2013 tax year.

The counties assessed Ameren-Union Electric Company (Ameren) taxes based on the standard taxing calculations of original cost less depreciation of the property multiplied by the percentage of taxes by statute, according to a news release from the office of Scott County Prosecuting Attorney Paul Boyd. The total tax revenue owed by Ameren under the standard method for all the 16 counties is approximately $75,959,104.

Ameren claims under a non-standard tax assessment method its property for the 16 counties should be valued at $36,635.666. To date the company has refused to disclose their formula and/or property values they used to come up with their non-standard tax assessment.

For the full story, see today's e-edition.

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