MO HB2716

Creates a nonrefundable state tax credit equal to 50% of qualified railroad infrastructure expenditures, effective January 1, 2027, for Class II and Class III short line railroads, rail siding owners/lessees, port authorities, and city-owned railroads in Missouri

Caps qualified railroad expenditure credits at $5,000 per mile of track owned or leased, with a total annual program limit of $4.5 million; caps new rail infrastructure credits at $1 million per customer project, with a total annual program limit of $10 million

Covers maintenance, reconstruction, and replacement of existing railroad infrastructure (track, roadbed, bridges, sidings) as well as construction of new infrastructure such as industrial leads, switches, spurs, and transloading structures

Allows unused credits to be carried forward for up to five years and permits transfer of credits to other taxpayers through written agreement filed with the Department of Revenue

Program automatically sunsets six years after the effective date unless reauthorized by the General Assembly