HB1632 modifies biodiesel blend fuel seller tax credits in Missouri.

HB1632 modifies provisions relating to the biodiesel blend fuel seller tax credits in Missouri. It allows a tax credit for biodiesel blend sales starting from January 1, 2023, with different credit rates for blends of five to ten percent and blends exceeding ten percent but not more than twenty percent. The tax credit is non-transferable and cannot exceed sixteen million dollars per fiscal year. The program is set to sunset on December 31, 2028, unless reauthorized. The bill also defines terms such as "biodiesel blend," "biodiesel fuel," and "retail dealer.

HB1632 modifies biodiesel blend fuel seller tax credits in Missouri.

HB1632 modifies provisions relating to the biodiesel blend fuel seller tax credits in Missouri. It allows a tax credit for biodiesel blend sales starting from January 1, 2023, with different credit rates for blends of five to ten percent and blends exceeding ten percent but not more than twenty percent. The tax credit is non-transferable and cannot exceed sixteen million dollars per fiscal year. The program is set to sunset on December 31, 2028, unless reauthorized. The bill also defines terms such as "biodiesel blend," "biodiesel fuel," and "retail dealer.