MO HB616

Creates a one-year tax credit for industrial generators operating new renewable energy systems producing between 25,000 and 100,000 kilowatts, valued at up to $1 per watt of output.

Limits maximum tax credit to $100,000 per industrial generator and caps total tax credits statewide at $5 million.

Grants the Public Service Commission full jurisdiction to regulate operation, construction, and interconnection of industrial generators and electric utilities, but makes interconnection agreements and net metering contract terms voluntary and unregulated.

Specifies that electric utilities have no legal obligation to agree to interconnection with industrial generators, and allows unconnected renewable energy systems if feasible and approved by the commission.

Prohibits a single industrial generator from claiming multiple tax credits and requires the Department of Revenue to promulgate rules for allocation of available tax credits.