MO SB630

Reauthorizes the rolling stock tax credit program for freight line companies, extending the sunset date from August 28, 2014 to August 28, 2021.

Allows freight line companies to claim a tax credit equal to eligible expenses incurred in Missouri to manufacture, maintain, or improve qualified railcars for taxable years beginning January 1, 2009 and after.

Tax credit amount cannot exceed the freight line company's tax liability for the year the credit is claimed.

Requires the state to reimburse political subdivisions annually for any revenue decreases resulting from the tax credit program.

Freight line companies must submit applications to the state tax commission in the prescribed form to claim the credit.