A bill that extends existing wood energy tax credits is awaiting the Governor’s signature. House Bill 1720 renews key programs and creates new ones to support and promote
agriculture in the state. The bill extends the Rolling Stock Tax Credit and the Wood Energy Tax Credit which, State Representative Jeff Knight said will be a benefit for many area businesses..

Knight said the wood energy tax credit is an estimated $2-million-dollars credited to Missouri businesses. House Bill 1720 also expands the Family Farm Livestock Loan Program so that more Missouri farmers will qualify. Additionally, it creates the Ethanol Retailers Incentive, as well as a biodiesel tax credit for retail dealers selling a biodiesel blend and a credit for Missouri biodiesel producers. It also creates an Urban Farms Tax Credit and a specialty agricultural crops loan program for family farmers.