MO HB795

Extends the alternative fuel vehicle refueling property tax credit program from 2012 to 2017, with annual cumulative tax credit caps of $1 million per year instead of the prior tiered structure ($3 million in 2009, $2 million in 2010, $1 million in 2011).

Adds "qualified conversions" of motor vehicles to alternative fuels as a basis for eligibility, defined as converting a petroleum-fueled vehicle to use alternative fuels as primary or secondary source, with businesses making more than 25 conversions annually qualifying as eligible applicants.

Expands the definition of alternative fuels to include propane, LP gas, autogas, compressed natural gas (CNG), liquified natural gas (LNG), and hydrogen in addition to existing ethanol and biodiesel provisions.

Increases the temporary alternative fuel decal fee for out-of-state vehicles from $8 to $12 and establishes that 20% of decal proceeds fund the Missouri alternative fuel infrastructure tax credit fund, with dealers retaining $2 per decal sold (increased from $0.50).

Adds property tax exemption for equipment or property valued at $50,000 or less used for alternative or renewable energy generation, transmission, or storage in working order.