135.305. Eligibility--amount of tax credit. - Missouri Statutes

Eligibility--amount of tax credit.

135.305. A Missouri wood energy producer shall be eligible for a taxcredit on taxes otherwise due under chapter 143, RSMo, except sections143.191 to 143.261, RSMo, as a production incentive to produce processedwood products in a qualified wood- producing facility using Missouri forestproduct residue. The tax credit to the wood energy producer shall be fivedollars per ton of processed material. The credit may be claimed for aperiod of five years and is to be a tax credit against the tax otherwisedue. No new tax credits, provided for under sections 135.300 to 135.311,shall be authorized after June 30, 2013.

(L. 1985 H.B. 831 § 2, A.L. 1996 H.B. 1237, A.L. 2008 H.B. 2058)