Missouri Senate passes $40M ag tax credit package
Missouri lawmakers have approved Governor Parson’s $40 million ag tax credit package to close out the special session.
On Tuesday, the State Senate passed legislation that would extend ag-related tax credits through 2028 to help biofuel producers, meat processors, urban farmers, and others in the industry.
Democratic State Senator Lauren Arthur of Kansas City says she supported the plan. “Because I recognize the agriculture industry touches every Missourian’s life,” Arthur said. “It is appropriate for the state to intervene in some ways to support our farmers and our agriculture industry.”
Republican State Senator Mike Moon of Ash Grove opposed the tax credit extensions. “The bill sponsor said that ag was self-sufficient,” Moon said. “I thought well this is great. If we are self-sufficient, which I believe we should be, why do we need help?”
The plan is expected to be signed into law by Governor Parson.