Summary of the Introduced Bill

HB 707 -- Income Tax Credit for Recycling Construction Waste

Sponsor:  Spreng

Beginning January 1, 2007, this bill authorizes an income tax
credit equal to 75% of the costs of recycling reusable material
from construction.  The Department of Natural Resources will
determine eligibility for the credit, and the tax credit may be
taken against individual and corporate income tax or corporate
franchise tax.  The tax credit will not be transferable or
refundable, but can be carried forward for up to three taxable

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

Copyright (c) Missouri House of Representatives

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:20 am