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MO HB1684

Bill

Status

Engrossed

4/28/2014

Primary Sponsor

Paul Fitzwater

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Origin

House of Representatives

2014 Regular Session

AI Summary

  • Extends the tax credit authorization date for Missouri wood energy producers from June 30, 2013 to June 30, 2020, allowing five dollars per ton of processed material for five years.

  • Caps the aggregate amount of all wood energy producer tax credits at $3 million in any given fiscal year.

  • Limits grape grower and wine producer tax credits to tax years ending on or before December 31, 2014, while establishing new credits for grape growers, wine producers, distilleries, and microbreweries beginning January 1, 2015 at up to $100,000 per taxpayer per year with a $4 million annual cap.

  • Revises alternative fuel vehicle refueling and electric vehicle recharging property tax credits to extend eligibility through January 1, 2018, increase the annual credit cap to $1 million, and add electric vehicle recharging property as a qualifying improvement.

  • Modifies property tax definitions to include propane and LP gas equipment as stationary property used for storage of gaseous products.

Legislative Description

Changes the laws regarding the tax credit for a Missouri wood energy producer by extending it until June 30, 2020, and limiting the amount of all credits to $3 million in any fiscal year

Last Action

Public Hearing Held (S)

5/7/2014

Committee Referrals

Fiscal Review4/23/2014
Rules2/27/2014
Agriculture Policy2/11/2014

Full Bill Text

No bill text available