Missouri Alternative Fuel Infrastructure Tax Credit

Division of Energy fact sheet
11/2015
Division of Energy Director: Craig Redmon
PUB2846

Missourians who invest in alternative fuel infrastructure projects may be eligible for a state tax credit. For all tax years beginning on or after Jan. 1, 2015, but before Jan. 1, 2018, any eligible applicant who installs and operates a qualified alternative fuel vehicle refueling property or electric vehicle recharging station may be allowed a credit against the tax otherwise due for any tax year in which the applicant is constructing the refueling property. The credit allowed per eligible applicant who is a private citizen shall not exceed $1,500, or for an eligible applicant that is a business entity shall not exceed the lesser of $20,000 or 20% of the total costs directly associated with the purchase and installation of any alternative fuel storage and dispensing equipment on any qualified alternative fuel vehicle refueling property. Eligible applicants include business entities or private citizens that own a qualified alternative fuel vehicle refueling property or an electric vehicle recharging property. A qualified alternative fuel vehicle refueling property must be owned by an eligible applicant and used for storing alternative fuels and for dispensing such alternative fuels into fuel tanks of motor vehicles owned by such eligible applicant or private citizens.

A qualified electric vehicle recharging property must be owned by an eligible applicant and used for recharging electric motor vehicles owned by such eligible applicant or private citizens. A qualified property is either an electric vehicle recharging property or an alternative fuel vehicle refueling property which, if constructed after Aug. 28, 2014, was constructed with at least 51% of the costs being paid to qualified Missouri contractors for:

Eligible costs do not include the following:

If no qualified Missouri contractor is located within 75 miles of the property, the requirement that 51% of the costs be paid to qualified Missouri contractors will not apply. A qualified Missouri contractor is a contractor whose principal place of business is located in Missouri and has been located in Missouri for a period of not less than five years.

Tax credits allowed must be claimed by the applicant at the time an applicant files a return for the tax year when the storage and dispensing or recharging facilities were placed in service at a qualified property. The credits must be applied against the income tax liability after all other credits provided by law have been applied.

If the amount of the tax credit exceeds the eligible applicant's tax liability, the difference will not be refundable. Any amount of credit that an eligible applicant is prohibited from receiving in a taxable year may be carried forward to any of the applicant's two subsequent taxable years. Tax credits allowed may be assigned, transferred, sold or otherwise conveyed.

A property where an applicant receives tax credits that ceases to sell alternative fuel or recharge electric vehicles will cause the forfeiture of the applicant's tax credit for the taxable year when the qualified property ceased to sell alternative fuel or recharge electric vehicles. The forfeiture will also apply to future taxable years, with no recapture of tax credits obtained by an applicant with respect to the tax years that ended before the sale of alternative fuel or recharging of electric vehicles ceased.

The cumulative amount of tax credits which may be filed for by eligible applicants claiming all credits authorized will not exceed $1 million in any calendar year subject to appropriations.

Any eligible applicant desiring to file for a tax credit must submit the appropriate application for the credit with the Department. The Department will review the applications and certify to the Department of Revenue each eligible applicant that qualifies for the tax credit. A project owner must receive certification before the credit can be filed for on a Missouri tax return.

Questions?

For questions on claiming the tax credit, contact the Department.