Missouri Senate

Perfected

ALTERNATIVE FUEL REFUELING PROPERTY TAX CREDIT (135.710)

For calendar years 2009 to 2012, persons installing and operating an alternative fuel refueling property were eligible for an income tax credit. This act reauthorizes the tax credit for calendar years 2015 to 2017. A cap of one million dollars per year is set for the tax credit. Electric vehicle recharging properties are added to the types of properties eligible for the tax credit.

This provision is similar to SB 574 (2014), HB 1610 (2014), and HB 2184 (2014). This provision is similar to a provision in HCS/HB 1640 (2014) and the perfected version of HB 1684 (2014).

TAXATION OF PROPERTY USED FOR TRANSPORTATION OR STORAGE OF CERTAIN FUELS (137.010)

Currently, stationary property used for transportation of liquid and gaseous products is treated as real property for tax purposes. This act adds stationary property used for storage of such products to the definition of real property. Propane and liquid propane gas equipment are added to the list of liquid or gaseous products.

This provision is similar to a provision in HCS/HB 1610 (2014), HCS/HB 1640 (2014), and the perfected version of HB 1684 (2014).

MOTOR FUEL TAXES ON NATURAL GAS (142.803 & 142.869)

This act defines measurement standards and tax rates for compressed and liquefied natural gas as a motor fuel. This act also removes compressed and liquefied natural gas from the alternative fuel decal and tax system unless the owner or operator of the natural gas fueled motor vehicle operates a natural gas fueling station as of January 1, 2016, exclusively for the use of fueling those vehicles and the owner or operator opts to continue the use of alternative fuel decals. Any owner or operator that sells at retail natural gas motor fuel from their natural gas fueling station or declines to renew alternative fuel decals for their vehicles shall no longer be eligible to participate in the alternative fuel decal system. Any fuel that an owner or operator of a natural gas fueled motor vehicle purchases at any location other than their own shall be subject to the per gallon tax rates for compressed and liquefied natural gas for that purchase.

These provision have an emergency clause. This provision is similar to SB 970 (2014).

ALTERNATIVE FUEL METERING (413.225 & 413.226)

This act adds compressed natural gas meters, liquefied natural gas meters, electrical charging stations, and hydrogen fuel meters to the list of meters requiring registration, inspection and calibration.

These provisions have an emergency clause. These provisions are similar to HB 2121 (2014), SB 920 (2014), and to provision in HCS/HB 1640 (2014).

MIKE HAMMANN