HB 809 -- Processed Biomass Engineered Fiber Fuel

Sponsor:  McGhee

Beginning January 1, 2010, this bill authorizes an income tax
credit for taxpayers who use processed biomass engineered fiber
fuel.  The credit will be 30% of the purchased price of the fuel
for the first year; 25% the second year; 20% the third year; 15%
the fourth year; 10% the fifth year; and 5% the sixth year.  The
credit is not refundable and cannot be transferred, but can be
carried forward for four years.

The provisions of the bill will expire December 31 six years from
the effective date.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:25 am