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MO SB748
Bill
AI Summary
- Extends the authorization deadline for new wood energy tax credits from June 30, 2013 to June 30, 2018
- Maintains the tax credit amount at $5 per ton of processed material for Missouri wood energy producers using forest product residue
- Allows tax credits to be claimed for a period of five years against taxes otherwise due under Missouri income tax law
- Caps the aggregate amount of all wood energy tax credits at $4.5 million in any given fiscal year
Legislative Description
Extends the sunset on the wood energy producers tax credit and caps the amount of tax credits available under the program each fiscal year
Last Action
Second Read and Referred S Ways and Means and Fiscal Oversight Committee
2/9/2012
Committee Referrals
Ways And Means And Fiscal Oversight2/9/2012
Full Bill Text
No bill text available