Effective – 01 Jan 1997 135.300. Definitions. — As used in sections 135.300 to 135.311, unless the context requires otherwise, the following terms mean: (1) “Missouri forestry industry residue”, any residue that results from normal timber harvest or production to include slash, sawdust, shavings, edgings, slabs, leaves, bark, and timber thinnings from timber stand improvements; […]
Effective – 02 Jan 2023, 3 histories 135.305. Eligibility — amount of tax credit. — A Missouri wood energy producer shall be eligible for a tax credit on taxes otherwise due under chapter 143, except sections 143.191 to 143.261, as a production incentive to produce processed wood products in a qualified wood-producing facility using Missouri […]
Effective – 01 Jan 1997 135.307. Credit exceeding tax, not refunded, effect. — Any amount of credit which exceeds the tax due shall not be refunded but may be carried over to any subsequent taxable year, not to exceed four years. ——– (L. 1985 H.B. 831 § 3, A.L. 1996 H.B. 1237) Effective 1-01-97
Effective – 01 Jan 1997 135.309. Assignment of credit, procedure. — The wood energy producer may elect to assign to a third party the approved tax credit. Certification of assignment and other appropriate forms must be filed with the Missouri department of revenue. ——– (L. 1985 H.B. 831 § 4, A.L. 1996 H.B. 1237) Effective […]
Effective – 28 Aug 2018, 2 histories 135.311. Application, content, filed where. — When applying for a tax credit the wood energy producer shall make application for the credit to the division of energy of the department of economic development. The application shall include: (1) The number of tons of processed wood products produced during […]
Effective – 01 Jan 1999 135.313. Credit for charcoal producers. — 1. Any person, firm or corporation who engages in the business of producing charcoal or charcoal products in the state of Missouri shall be eligible for a tax credit on income taxes otherwise due pursuant to chapter 143, except sections 143.191 to 143.261, as […]
