SCS/SB 140 - For all tax years beginning on or after January 1, 2022, this act authorizes a tax credit for retail dealers selling higher ethanol blend at the retail dealer's service station, as such terms are defined in the act. The credit shall be equal to five cents per gallon of higher ethanol blend sold and dispensed through metered pumps at the service station during the tax year. The tax credit shall be nontransferable and nonrefundable. The total amount of tax credits authorized under the act in a given fiscal year shall not exceed $4 million.

This act shall sunset on December 31, 2027, unless reauthorized by the General Assembly.

This act is identical to a provision contained in SS/SCS/SB 354 (2021) and SS/SCS/HB 948 (2021), and is substantially similar to a provision contained in HCS/SS/SCS/SB 4 (2021) and HCS/HB 601 (2021).

JOSH NORBERG

Statutes affected:
Introduced (0847S.01): 135.755

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Senate Committee Minutes:
SENATE COMMITTEE MINUTES Bill No.: SB 140
Sponsor: Bean
Hearing Date: 3/1/2021


COMMITTEE: Agriculture, Food Production and Outdoor Resources

CHAIRMAN: Bernskoetter

DATE REFERRED: 1/21/2021 DATE HEARING REQUESTED: 2/25/2021



STAFF:
Jamie Andrews
Heidi Kolkmeyer
Matt Morris
Penny Mueller


WITNESSES GIVING INFORMATION:



WITNESSES FOR:
Brian Lehman - Missouri Corn Growers
Steve Murphy - MO Renewable Fuel Association
Ron Leone - Missouri Petroleum and Convenience Association
Charles Arnold - Truck Stops of Missouri
Heath Clarkston - Kum & Go Convenience Stores
BJ Tanksley - Missouri Farm Bureau


WITNESSES AGAINST:
Arnie C. AC "Honest-Abe" DIENOFF - State Public Advocate