| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Missouri |
| Incentive Type: | Corporate Tax Credit |
| Administrator: | Division of Energy |
| Start Date: | 01/01/1997 |
| Expiration Date: | 06/30/2020 |
| Eligible Renewable/Other Technologies: | Biomass |
| Incentive Amount: | $5 per ton of processed materials |
| Maximum Incentive: | Credit may be claimed for a period of five years; total tax credits cap set at $6,000,000 annually, subject to appropriations |
| Carryover Provisions: | Excess credit may be carried over for four years |
| Name: | 135.305.1 R.S. Mo., et seq. |
| Effective Date: | 01/01/1997 (subsequently amended) |
| Expiration Date: | 06/30/2020 |
| Name: | 4 CSR 340-4.010 |
| Effective Date: | 12/30/1998 (most recent revision) |
| Technologies: | Biomass |
| Sectors: | Commercial, Industrial |
| Parameters: | The incentive is 5.00 $/ton |
The Wood Energy Tax Credit allows individuals or businesses processing Missouri forestry industry residues into fuels a state 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. In 2014, S.B. 729 extended the tax credit to June 30, 2020, established an annual cap of $6 million per fiscal year, and added a requirement that an appropriation for the tax credits needs to be made before they are authorized.
Click here to access Missouri's Wood Energy Tax Credit Application Form.
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