HB 488 -- Income Tax Credit for Idle Reduction Technology

Sponsor:  Wasson

Beginning January 1, 2007, this bill authorizes an income tax
credit equal to 50% of the cost to purchase and install idle
reduction technology on a class 8 truck.  A "class 8 truck" is
defined as a heavy duty vehicle with a gross vehicle weight in
excess of 33,000 pounds.  The maximum amount of the tax credit is
$3,500 per truck.  The tax credit may be taken against individual
and corporate income tax, corporate franchise tax, and express
company tax liability.  The tax credit is not transferable or
refundable, but can be carried forward and claimed for up to
three taxable years.

The provisions of the bill will expire two years from the
effective date.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:19 am