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MO Governor vetoes omnibus ag bill

Missouri Governor Mike Parson has vetoed the state’s omnibus ag bill that includes tax credits for biofuels manufactures, meat packers and young farmers.

Parson said Missouri House Bill 1720, sponsored by Rep. Brad Pollitt, only provided two-year extensions to the tax credits under the Missouri Agriculture and Small Business Development Authority which is ‘problematic’.

“Business owners and producers often need a minimum of 24 months in order to secure the equity and private investments needed for projects,” he said.

MO Governor vetoes omnibus ag bill