Missouri senators on Tuesday passed $40 million in annual tax breaks for farmers, ranchers, and other agriculture-related businesses as part of a special legislative session.
Senators voted 26-3 in favor of the tax incentive package, which primarily renewed tax credits that had expired. The measure includes tax credits to benefit companies involved in meat processing, biodiesel, ethanol fuel, and urban farms. It also expands government loan programs for farmers.
The Senate’s passage of the agricultural tax incentive bill caps off the rest of lawmakers’ unfinished business for the special legislative session.
Parson has not indicated when he will sign the bills.
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