The Wood Energy Tax Credit allows individuals or businesses processing Missouri forestry industry residues into fuels the opportunity for a state income tax credit of $5 per ton of processed material (e.g., wood pellets). A multiplier of 4 applies to charcoal, based on the amount of Missouri forest industry residue required to produce one ton of charcoal. To be considered an eligible fuel, forestry industry residues must have undergone thermal, chemical or mechanical processing sufficient to alter the residues into a fuel product. Note: This credit is not currently available.