Summary of the Introduced Bill

HB 130 -- New Generation Cooperative Incentive Tax Credits

Sponsor:  Shoemyer (9)

This bill allows producers investing in an eligible new generation
processing facility a tax credit in an amount equal to the lesser
of 50% of cash fund investment or $15,000.  The tax credit is to
apply to all tax years beginning on or after January 1, 2003.

The bill contains an emergency clause.

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Last Updated July 25, 2003 at 10:10 am