Bill > SB864

This bill modifies several tax credit provisions in Missouri law, including extending the eligibility for a tax credit for meat processing facility modernization or expansion, removing a sunset date for this credit, and adjusting the definition of "biodiesel blend" to include both on-road and off-road use. It also introduces a new tax credit for eligible taxpayers who make qualified railroad track or new rail infrastructure expenditures, with annual limits and provisions for transferring unused credits. Additionally, the bill establishes a tax credit for establishing or improving urban farms, with a cap per farm and annually, and a tax credit for Missouri biodiesel producers based on the gallons of biodiesel fuel produced. Finally, it modifies provisions related to a loan program for specialty agricultural crops by removing a sunset date and clarifies that lenders participating in this program can receive a tax credit for interest waived in the first year of a qualifying loan, with an annual limit on the total credits issued.

Agriculture and Natural Resources

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=85