Governor Matt Blunt (R-MO) has signed legislation creating an income tax credit for the cost of constructing an alternative fuel gas station.
Senate Bill 931 not only aims to promote the use of alternative fuels, it also promotes agriculture by allowing ethanol produced from biomass qualified by the Missouri Agricultural and Small Business Development Authority to be eligible for ethanol production incentives.
In addition, the legislation doubles the amount of tax credits issued by the Missouri Agricultural and Small Business Development Authority for family farm livestock loans from $150,000 to $300,000, per fiscal year. The legislation also provides loan payment deferment options to recipients of the Large Animal Veterinary Loan who are also serving on active duty in the United States Armed Forces.
