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MO HB1725

Bill

Official Source

Status

Introduced

2/14/2012

Primary Sponsor

Paul Fitzwater

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Repeals and reenacts section 135.305, RSMo, relating to tax credits for wood energy producers
  • Extends the authorization period for new tax credits from June 30, 2013 to June 30, 2018
  • Maintains the tax credit amount at five dollars per ton of processed wood products made from Missouri forest product residue
  • Caps the aggregate amount of all wood energy tax credits at four million five hundred thousand dollars in any given fiscal year
  • Credits remain applicable against Missouri income taxes (chapter 143) for a five-year period per producer

Legislative Description

Extends the provisions regarding the tax credit for a Missouri wood energy producer and limits the total amount of tax credits to $4.5 million in any fiscal year

Last Action

Public Hearing Completed (H)

3/20/2012

Committee Referrals

Agriculture Policy2/29/2012

Full Bill Text

No bill text available