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The U.S. Department of Energy and the North Carolina Clean Energy Technology Center are excited to announce that a new, modernized DSIRE is under construction. The new version of DSIRE will offer significant improvements over the current version, including expanded data accessibility and an array of new tools for site users. The new DSIRE site will be available in December 2014. Staff are currently working hard on the new version of DSIRE but are also maintaining the content of the current version of DSIRE. Thank you for your continued support and patience during this transition. We hope you are as excited for December as we are! The U.S. Department of Energy and the North Carolina Solar Center are excited to announce that a new, modernized DSIRE is under construction. The new version of DSIRE will offer significant improvements over the current version, including expanded data accessibility and an array of new tools for site users. The new DSIRE site will be available in the summer of 2014. Staff are currently working hard on the new DSIRE and are unfortunately only able to make minimal updates to the DSIRE website at this time. We apologize for any inconvenience and thank you for using DSIRE.

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Missouri

Missouri

Incentives/Policies for Renewables & Efficiency

Printable Version
Wood Energy Production Credit   

Last DSIRE Review: 07/24/2014
Program Overview:
State: Missouri
Incentive Type: Corporate Tax Credit
Eligible Renewable/Other Technologies: Biomass
Applicable Sectors: Commercial, Industrial
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
Start Date:12/30/1998 (most recent revision)
Expiration Date:06/30/2020
Authority 1:
Date Effective:
Expiration Date:
135.3 R.S. Mo., et seq.
01/01/1997 (subsequently amended)
06/30/2020
Authority 2:
Date Effective:
10 CSR 140-4.010
12/30/1998 (most recent revision)
Authority 3:
Date Enacted:
Date Effective:
Expiration Date:
S.B. 729
07/07/2014
08/28/2014
06/30/2020
Summary:

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.


 
Contact:
  Energy Loan Program
Missouri Department of Economic Development
Division of Energy
301 W. High St., Rm 720
P.O. Box 1766
Jefferson City, MO 65102-0766
Phone: (855) 522-2796
Phone 2: (573) 526-7770
E-Mail: energy@ded.mo.gov
Web Site: http://www.ded.mo.gov/energy/financial/loan.htm
 
  Public Information
Taxation Division
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/
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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.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.