MO HB1410

Establishes a tax credit for individuals against Missouri income tax (Chapter 143) for purchasing and using processed biomass engineered fiber fuel produced in Missouri from three or more biomass inputs with a minimum heat value of 7,500 BTUs per pound.

Tax credit percentages decline over six years: 30% in year one, 25% in year two, 20% in year three, 15% in year four, 10% in year five, and 5% in year six, with no credits available after year six.

Credit cannot exceed the taxpayer's state tax liability for the year claimed and is not refundable, but unused amounts may be carried forward to the next four tax years.

Department of Revenue is authorized to promulgate rules for implementation under Chapter 536 rulemaking procedures.

Program automatically sunsets December 31, six years after the effective date unless reauthorized by the General Assembly, with an additional twelve-year sunset period if reauthorized.