Bill > SB913

This bill modifies several tax credit provisions in Missouri law, primarily by extending the expiration dates of existing tax credits and adjusting their parameters. Specifically, it extends the authorization for tax credits for Missouri wood energy producers, meat processing facility investments, higher ethanol blends, biodiesel blends, biodiesel fuel production, railroad infrastructure improvements, and urban farm development from 2028 to 2033, with some programs having specific sunset clauses. The bill also introduces a new tax credit for eligible taxpayers involved in railroad infrastructure, including short line railroads and owners of rail sidings, for qualified expenditures, with annual limits on the total credits issued for track expenditures and new rail infrastructure. Additionally, it clarifies provisions related to the Specialty Agricultural Crops Act, including loan program details and lender tax credits for waived interest, and adjusts the sunset dates for these programs. Finally, it modifies how property taxes are assessed for freight line companies by excluding revenues from a specific surtax and allows for a tax credit for eligible expenses related to manufacturing, maintaining, or improving their rolling stock, subject to appropriation.