Bill > SB1228

This bill authorizes a tax credit for the purchase of electric vehicles (EVs). Specifically, it allows individual taxpayers to claim a $2,500 tax credit for each new battery electric vehicle (BEV) or plug-in hybrid electric vehicle (PHEV) they purchase, starting in tax year 2025. The tax credits can be carried forward for up to three subsequent tax years, but they are non-refundable and cannot be assigned, transferred, sold, or conveyed. The Missouri Department of Revenue is required to promulgate rules to administer the tax credit program, and the provisions of the bill will automatically sunset (expire) six years after the effective date, unless reauthorized by the state legislature.

Budget and Finance

https://www.senate.mo.gov/24info/BTS_Web/Bill.aspx?SessionType=R&BillID=90