HB 881 -- Managed Environment Livestock Operation Tax Credit

Sponsor:  Munzlinger

This bill authorizes the Missouri Agriculture and Small Business
Development Authority to issue tax credits to owners of livestock
operations to partially offset certain expenses incurred for
implementing odor abatement best management practices and
systems.  The maximum tax credit amount for implementing a system
necessary to achieve managed environment livestock operation
(MELO) accreditation will be the lessor of 50% of the eligible
expenses or $50,000.  The maximum tax credit amount for
implementing a system necessary to meet preferred environmental
practices will be the lessor of 75% of the eligible expenses or
$75,000.  The yearly maximum amount of tax credits issued by the
authority for odor abatement will be $3 million.  The tax credits
may be carried back three years, forward five years, assigned,
transferred, or sold and may be taken against the estimated
quarterly tax or quarterly taxes.

The authority is required to establish rules for tax credit
eligibility based on odor abatement impact, the owner's
prospective use and funding of proven technologies, and other
factors that the authority deems necessary.  Ninety percent of
the tax credits issued in any one year will go to livestock
operation owners for the implementation of best management
practices and systems necessary to achieve MELO accreditation.
Ten percent and any remaining MELO tax credits will be issued to
livestock operation owners for the implementation of preferred
environmental practices.  Any unissued tax credits will not carry
over to the succeeding year.  The authority will impose an
application fee of .25% of the tax credit amount issued.

The provisions of the bill will expire June 30, 2012.

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