Incentives/Policies for Renewables & Efficiency
Last DSIRE Review: 07/27/2012
||Corporate Tax Credit
|Eligible Renewable/Other Technologies:
|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)|
R.S. Mo. § 135.3 et seq. |
10 CSR 140-4.010|
12/30/1998 (most recent revision)
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.
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
Web Site: http://www.dnr.mo.gov/energy/financial/loan.htm
Public Information |
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/
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.
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