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MO HB413

Bill

Official Source

Status

Introduced

1/31/2013

Primary Sponsor

Paul Fitzwater

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Repeals and reenacts section 135.305 of Missouri law regarding tax credits for wood energy producers
  • Extends the authorization period for new wood energy tax credits from June 30, 2013 to June 30, 2018
  • Maintains the tax credit amount at five dollars per ton of processed material produced in qualified wood-producing facilities using Missouri forest product residue
  • Establishes an aggregate cap of $4.5 million on all wood energy tax credits in any given fiscal year
  • Credits remain claimable for a period of five years against taxes otherwise due under chapter 143

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

HCS Voted Do Pass (H)

2/28/2013

Committee Referrals

Agri-business2/7/2013

Full Bill Text

No bill text available