Missouri ag businesses tax credit bill passes
Missouri’s omnibus ag bill has passed the state legislature with House approval Tuesday.
Missouri Cattlemen’s Executive Vice President Mike Deering calls it’s a win for all the state’s agriculture.
“It has the Missouri Department of [Agriculture] tax credits in there that producers can utilize to create new jobs and expand opportunities,” he said. “The one that we are most familiar with would be on the meat processing side, that is in that bill – there are other provisions for ethanol, for biodiesel.”
But he said the MASBDA tax credits were only extended for two of the six years requested which Deering calls inadequate for pending projects.
“We left a bookmark that we could come back to and open that and try to get these very important programs funded for the full six years but, right now, we have that two-year extension,” he said.
The bill now moves to Governor Mike Parson’s desk to be signed.