MO HB700

Expands the existing tax credit program beginning January 1, 2016 to include distilleries, microbreweries, and licensed breweries in addition to grape growers and wine producers

Provides a 25% tax credit on the purchase price of new and used equipment and materials used directly in growing grapes, producing wine, distilling spirits, or brewing beer

Caps total annual tax credits at $4 million, with no more than $1 million allocated to each category (growers, producers, distillers, brewers) until after the third quarter when remaining credits become available first-come, first-served

Limits individual taxpayers to a maximum tax credit of $100,000 per taxable year and restricts eligibility to no more than five consecutive tax periods with a total of ten tax periods

Allows tax credit certificates to be assigned, transferred, sold, or conveyed through notarized endorsement