Missouri HB3337 authorizes a tax credit for qualified residential solar property expenditures.
Missouri HB3337 amends Chapter 135 of the Revised Statutes of Missouri by adding a new section that authorizes a tax credit for qualified residential solar property expenditures. This credit applies to expenditures made on property that qualifies for the federal residential energy property tax credit under Section 25D of the Internal Revenue Code. The tax credit is refundable and can be claimed against state tax liability. The credit amounts vary by tax year, starting at 30% for tax years 2027-2032, increasing to 35% for 2033, and then 40% for 2034.
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