Missouri Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 07/27/2012
Program Overview:
| State: |
Missouri |
| Incentive Type: |
Corporate Tax Credit |
| Eligible Renewable/Other Technologies: |
Biomass |
| Applicable Sectors: |
Commercial, Industrial |
| Amount: | $5 per ton of processed materials |
| Maximum Incentive: | Credit may be claimed for a period of five years |
| Eligible System Size: | Not specified |
| Equipment Requirements: | Not specified |
| Carryover Provisions: | Excess credit may be carried over for four years |
| Start Date: | 12/30/1998 (most recent revision) |
| Expiration Date: | 06/30/2013 |
| Web Site: |
http://www.dnr.mo.gov/energy/deprograms.htm
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Authority 1:
Date Effective:
Expiration Date:
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R.S. Mo. ยง 135.3 et seq.
01/01/1997
06/30/2013
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Authority 2:
Date Effective:
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10 CSR 140-4.010
12/30/1998 (most recent revision)
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Summary:
The Wood Energy Tax Credit, as effective January 1, 1997, allows individuals or businesses processing Missouri forestry industry residues into fuels an income tax credit of $5.00 per ton of processed material (e.g., wood pellets). A multiplier of 4 applies to charcoal, based on the amount of Missouri forest industry residue required to produce one ton of charcoal. Any amount of credit exceeding the tax due by a company in the year of production may be carried over to a subsequent taxable year, not to exceed four years. A credit earned under this program may also be transferred to third parties for use within this five-year period. To be considered an eligible fuel, forestry industry residues must have undergone some thermal, chemical or mechanical process(es) sufficient to alter the residues into a fuel product. As a result of H.B. 2058 enacted in June 2008, no new credits will be issued after June 30, 2013.
Click here to access Missouri's Wood Energy Tax Credit Application Form.
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Contact:
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Energy Loan Program Clerk
Missouri Department of Natural Resources
Division of Energy
1101 Riverside Drive
P.O. Box 176
Jefferson City, MO 65102-0176
Phone: (800) 361-4827
Phone 2: (573) 751-3443
E-Mail: energy@dnr.mo.gov
Web Site: http://www.dnr.mo.gov/energy/financial/loan.htm
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Public Information
Taxation Division
Harry S Truman State Office Building
301 West High St., Rm 330
Jefferson City, MO 65101
Phone: (573) 751-4541
Phone 2: (800) 877-6881
Fax: (573) 751-4800
Web Site: http://dor.mo.gov/
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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