Missouri § 135.700 Tax credit for grape and wine producers.

Missouri Statutes

§ 135.700 — Tax credit for grape and wine producers.

Missouri § 135.700

Title XTAXATION AND REVENUE

Ch. 135Tax Relief

This text of Missouri § 135.700 (Tax credit for grape and wine producers.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 135.700 (2026).

Text

For all tax years beginning on or after January 1, 1999, a grape grower or wine producer shall be allowed a tax credit against the state tax liability incurred pursuant to chapter 143 , exclusive of the provisions relating to the withholding of tax as provided in sections 143.191 to 143.265 , in an amount equal to twenty-five percent of the purchase price of all new equipment and materials used directly in the growing of grapes or the production of wine in the state.  Each grower or producer shall apply to the department of economic development and specify the total amount of such new equipment and materials purchased during the calendar year.  The department of economic development shall certify to the department of revenue the amount of such tax credit to which a grape grower or wine pro

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For all tax years beginning on or after January 1, 1999, a grape grower or wine producer shall be allowed a tax credit against the state tax liability incurred pursuant to chapter 143 , exclusive of the provisions relating to the withholding of tax as provided in sections 143.191 to 143.265 , in an amount equal to twenty-five percent of the purchase price of all new equipment and materials used directly in the growing of grapes or the production of wine in the state. Each grower or producer shall apply to the department of economic development and specify the total amount of such new equipment and materials purchased during the calendar year. The department of economic development shall certify to the department of revenue the amount of such tax credit to which a grape grower or wine producer is entitled pursuant to this section. The provisions of this section notwithstanding, a grower or producer may only apply for and receive the credit authorized by this section for five tax periods.