- House Committee Substitute -

HCS/SB 668 - This act allows net operating losses for a farming operation to be carried forward and taken against any loss on Missouri income taxes for 20 years.

New generation cooperative tax credits may be taken on a quarterly basis and carried back to any of the contributor's five prior tax years.

This act also decreases the number of employees in an employee-qualified capital project from 100 to 60 in order to receive a New Generation Cooperative Incentive Tax Credit.

SARAH MORROW