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Senate perfects bill to remove sunsets on multiple agricultural tax credits
Summary
The Missouri Senate perfected a substitute for Senate Bill 466 that removes expiration dates from multiple agricultural tax-credit programs, from biofuel and ethanol credits to beginning-farmer and meat-processing incentives.
The Missouri Senate perfected a substitute for Senate Bill 466 that would eliminate sunset dates on multiple agricultural and biofuel-related tax-credit programs.
The standalone substitute covers a suite of credits lawmakers and industry advocates described as vital tools for supporting in-state value-added agriculture: credits for wood-energy and biodiesel production, ethanol retailers and distributors, meat-processing investments, beginning-farmer incentives, urban farm investments, rolling-stock, specialty-crop support and certain cooperative investments.
Senators who backed the measure said removing sunsets would provide market certainty for companies and investors that consider multi‑year projects such as crushing plants, small meat processors and new biofuel operations. One sponsor noted return-on-investment figures presented to an industry board and described how past credits helped attract crushing plants, processing facilities and other value-added operations that benefit local economies.
Opponents urged caution, arguing that sunsets provide legislative oversight and a chance to reassess program performance and cost. Critics said permanently removing sunsets increases long-term revenue foregone and makes future program scrutiny harder. One senator said he would vote no on principle because he prefers a requirement to revisit tax-credit programs periodically.
The Senate perfected the substitute and ordered the bill printed for further legislative action.
