MO HB854

Creates tax credits for purchasing or converting to qualified alternative fuel vehicles: $5,000 for vehicles 2,000-10,000 lbs, $7,000 for vehicles 10,000-26,000 lbs, and $20,000 for vehicles 26,000+ lbs, effective for vehicles placed in service between July 1, 2015 and January 1, 2018

Extends the existing tax credit program for alternative fuel refueling and electric vehicle recharging property, capping credits at $1,500 for private citizens and $20,000 (or 20% of costs) for businesses, with a $1 million annual cap for all credits combined

Defines qualified alternative fuels to include electricity, liquefied petroleum gas, natural gas, compressed natural gas, ethanol, biodiesel blends, and hydrogen

Allows qualified alternative fuel vehicles to exceed standard gross vehicle and axle weight limits by 2,000 pounds

Extends the expiration date for the Missouri Qualified Fuel Ethanol Producer Incentive Fund from December 31, 2015 to December 31, 2019