Category Archives: Missouri Legislature

Urgent: Missouri House Votes to Cut Historic Tax Credits; Senate Action Ahead Tomorrow?

by Christian Frommelt Around 5:30 pm this evening the Missouri House passed SB112 (New Markets Credit) that included an amendment to reduce the historic tax credit cap from $140 million to $90 million ($10 million cap on small projects) and … Continue reading

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Missouri Has Historic Tax Credits For a Reason

by Michael R. Allen Wednesday was a sobering day for historic preservation in St. Louis. Very early Wednesday the Missouri Senate perfected a bill (SCS SB120, passed n voice vote) that would reduce the cap on historic tax credits from … Continue reading

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Missouri Senate Votes to Slash Historic Rehab Tax Credit

From Deb Sheals of the Alliance for Investment, Jobs and Preservation The Missouri Senate just passed a bill that will cap the historic tax credit program at $75 million per year, with no small deal exemption. This is a drastic … Continue reading

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Communities First

by Michael R. Allen Today the Missouri Senate will convene to consider the “economic development” bill (HCS SS SCS SB 8 ) passed by the House last week that would cut neighborhood and Main Street development across the state. The … Continue reading

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Nixon Announces Tax Credit Commission

Contact: Scott Holste, (573) 751-0290 Scott.Holste@mo.gov Sam Murphey, (573) 751-0290 Sam.Murphey@mo.gov FOR IMMEDIATE RELEASE July 21, 2010 Gov. Nixon creates new commission to perform comprehensive review of state tax credit programs Panel of business and community leaders, legislators will make … Continue reading

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DED Sort of Explains the New Rule on Historic Tax Credits

by Michael R. Allen Tim Logan has a good article this morning about the state of Missouri’s historic tax credit program. Recently, the Department of Economic Development (DED) sent letters to already-approved historic tax credit project applicants stating that the … Continue reading

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Tax Credit Accountability

by Michael R. Allen The Show-Me Institute’s research on the Missouri Distressed Areas Land Assemblage Tax Credit raises questions about the Department of Economic Development (DED) rules for usage of that credit. One immediate contrast is the state Historic Rehabilitation … Continue reading

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Missouri House Committee to Consider Tax Credit-Busting Bill Tomorrow

by Michael R. Allen What’s Happening Tomorrow (April 6th) the Job Creation and Economic Development Committee of the Missouri House of Representatives will consider HB 2399, the bill that would gut Missouri’s successful historic preservation tax credit program. The committee … Continue reading

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Missouri House Bill Would Cap Tax Credits

by Michael R. Allen Today Missouri State Representative Steve Hobbs (D) and Sam Komo (R) introduced HR 2399, a bill which would implement Democratic Governor Jay Nixon’s proposal to limit issuance of all economic development tax credits to not exceed … Continue reading

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Study on Missouri Historic Tax Credit: 43,150 Jobs, Most Tax Credit Projects Small

by Michael R. Allen The Missouri Growth Association has released An Evaluation of the Missouri Historic Preservation Tax Credit’s Program’s Impact on Job Creation and Economic Activity Across the State, a 34-page report by Dr. Sarah Coffin, Rob Ryan and … Continue reading

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