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MO HB1610
Bill
Status
Engrossed
3/13/2014
Primary Sponsor
Joe McGaugh
Click for details
AI Summary
- Extends the alternative fuel vehicle refueling property tax credit program through December 31, 2020, with a three-year sunset (originally set to expire in 2014) and allows reauthorization for an additional six years
- Expands eligible properties to include electric vehicle recharging property owned by business entities or private citizens for recharging electric vehicles
- Changes the administering department from the Department of Natural Resources to the Department of Economic Development
- Caps individual tax credits at $1,500 per private citizen or $20,000 per business entity (20% of installation costs), with a cumulative annual limit of $1 million across all applicants
- Requires at least 51% of construction and equipment fabrication costs be paid to Missouri contractors with five years in-state business presence, with a waiver if no qualified contractor exists within 75 miles
- Adds propane and LP gas equipment to the definition of stationary property for transportation or storage of liquid and gaseous products under property tax law
- Implements permanent trailer licensing after initial registration, eliminating annual registration requirements and fees
Legislative Description
Reauthorizes the alternative fuel tax credit for six years and adds electric vehicles recharging properties to the list of eligible properties
Last Action
Second read and referred: Senate Transportation and Infrastructure(S)
3/27/2014
Committee Referrals
Fiscal Review3/12/2014
Rules2/11/2014
Agri-business1/29/2014
Full Bill Text
No bill text available