Loading chat...

MO HB506

Bill

Official Source

Status

Engrossed

3/16/2015

Primary Sponsor

Anne Zerr

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Grape growers and wine producers receive a 25% tax credit on the purchase price of new and used equipment and materials used directly for growing grapes or producing wine in Missouri

  • Each grower or producer may only claim this credit for a maximum of five tax periods

  • Establishes a new annual cap of $1 million on total tax credits allowed under this program, effective for taxable years beginning on or after August 28, 2015

  • Applications must be submitted to the Department of Economic Development, which certifies the credit amount to the Department of Revenue

Legislative Description

Changes the laws regarding the tax credit for wine production

Last Action

Executive Session Held (S) - SCS VOTED DO PASS

5/6/2015

Committee Referrals

Select Committee on Commerce2/17/2015
Economic Development and Business Attraction and Retention1/29/2015

Full Bill Text

No bill text available