Missouri HB2713 modifies tax credit provisions for wood energy producers, biodiesel producers, and meat processing facilities.
Missouri HB2713 modifies tax credit provisions for various sectors. It allows a tax credit for wood energy producers, providing a credit of five dollars per ton of processed material. For biodiesel producers, it offers a credit of two cents per gallon for biodiesel blends sold in Missouri. The bill also introduces a tax credit for meat processing facilities, equal to 25% of the cost of modernization or expansion. These credits are subject to specific conditions and limitations, including caps on the total amount available each fiscal year.
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