Bill > HB2713

This bill modifies various tax credit provisions in Missouri law, primarily by extending the sunset dates for several existing programs and introducing new tax credits. Specifically, it extends the expiration date for tax credits related to wood energy producers, meat processing facility investments, higher ethanol blends, biodiesel fuel production and sales, and urban farm development from 2028 to 2033. The bill also introduces a new tax credit for qualified railroad track and new rail infrastructure expenditures, with annual limits and provisions for transferring unused credits. Additionally, it clarifies that tax credits for specialty agricultural crops and the associated lender tax credits will also sunset in 2033. The bill also includes provisions for a tax credit for freight line companies related to rolling stock expenses, extending its sunset date, and makes a technical correction to the definition of a "biodiesel blend" to include "or" instead of "and" for on-road or off-road use. Finally, it adds a provision to prevent penalties and interest on tax balances due to a denial of tax credits when funds are unavailable, provided the balance is paid within sixty days of the denial notice.

Agriculture and Natural Resources, Government Affairs

https://house.mo.gov/Bill.aspx?bill=HB2713&year=2026&code=R