Several Missouri ag groups spoke in favor of reinstating Missouri Agriculture and Small Business Development Authority tax credits at the recent Missouri House Ag Committee hearing, citing benefits to biofuels.

MASBDA’s sponsor, Representative Brad Pollitt, testified before the committee.

“A retail dealer that sells a higher ethanol blend, at least 15 but less than 85 (percent), shall receive a tax credit of five cents a gallon,” Pollitt said.

And he said biodiesel…

“…Has a tax credit of two cents per gallon for five percent to 10 percent blends and five cents per gallon which exceeds a 10 percent blend,” he said.

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