MO SB881

Establishes a tax credit for individuals purchasing processed biomass engineered fiber fuel, defined as fuel derived from substances produced in Missouri with three or more biomass inputs and a heat value of at least 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 of fuel purchase and use

Tax credit cannot exceed the taxpayer's state tax liability for the year claimed but unused credits may be carried forward up to four subsequent tax years and cannot be refunded, transferred, sold, or assigned

Effective for all taxable years beginning January 1, 2013, with the program automatically sunsetting December 31 six years after enactment unless reauthorized by the general assembly

Authorizes the Department of Revenue to promulgate rules to implement the tax credit program subject to Missouri's rulemaking procedures