SS SCS SB 837, 866, 972 & 990 -- Agricultural-based Fuels

Sponsor:  Cauthorn

This substitute allows tax credits from the Agricultural Product
Utilization Contributor Tax Credit or the New Generation
Cooperative Incentive Tax Credit to be claimed either as a credit
against the tax or the estimated quarterly tax.  The substitute
allows available tax credits to include eligible new generation
processing entities.

The substitute creates the Missouri Qualified Biodiesel Producer
Incentive Fund, which provides incentives for qualified biodiesel
producers.

The substitute removes Section 414.032, RSMo, from current law.
The section relates to sellers labeling fuels at the gas pump.

The substitute also allows the Missouri Qualified Fuel Ethanol
Producer Incentive Fund to be administered on a fiscal year.  If
ethanol producers fail to receive all grants earned during the 60
consecutive month period of qualification due to lack of
appropriations, they will receive the full amount from the fund
for which they were eligible.  Producers will continue to be
eligible for up to 24 additional months or until they have
received the maximum amount of funding that they were eligible
for during the original 60-month period.

Missouri House of Representatives
Last Updated October 11, 2002 at 9:04 am