Wood Energy Tax Credit
Missouri DNR Division of Energy
About this opportunity
The application deadline for the Wood Energy Tax Credit is June 30 of each year.The Wood Energy Tax Credit allows individuals or businesses using Missouri forestry industry residues to produce processed wood fuel (e.g., wood pellets), the opportunity for a state income tax credit of $5 per ton of processed material. A multiplier of four applies to charcoal, based on the amount of Missouri forest industry residue required to produce one ton of charcoal. This credit is a production incentive to produce processed wood products in a qualified wood-producing facility using Missouri forest product residue.The Wood Energy Tax Credit may be claimed for a period of five years and is a tax credit against tax otherwise due. The aggregate amount of all tax credits allowed under sections 135.300 to 135...