Missouri Coalition for Historic Preservation and Economic Development

Missouri Coalition for Historic Preservation and Economic Development
The mission of the Missouri Coalition for Historic Preservation and Economic Development is to protect the Historic Tax Credit, Rebuilding Communities, and Neighborhood Preservation programs from revisions in the state legislature that lessen their impact, through targeted educational and lobbying efforts.
Featured News
Submitted: 3/4/2010
SB728

Pre-filed January 4, 2010

 

Senator Jason Crowell has introduced SB 728 which subjects 40 Missouri Tax Credits to the yearly appropriations process.  These tax credits would expire on June 30, 2011 unless they are allocated by the legislators through the appropriations process. SB728 was not voted out of committee although Senator Crowell and supporters have indicated they intend to try and attach the language in SB728 onto other bills.

Submitted: 2/5/2010
TAX CREDIT PROGRAMS IMPACTED BY SB 728

OFFICIAL Summary as of January 12, 2010

 Sponsored by: Senator Crowell

Key Proposals: Historic Tax Credit and 39 other programs impacted by Senate Bill 728

Find unofficial bill text on the Missouri State Senate website: http://www.senate.mo.gov/10info/BTS_Web/BillText.aspx?SessionType=R&BillID=3160154.


Submitted: 5/6/2009
4.23.09 LABOR TRIBUNE Almost 50 percent of monies generated by tax credit program goes to wages

by Ed Finkelstein

“The Greater St. Louis Labor Council supports legislation that improves the lives of working men and women throughout Missouri by creating employment opportunities,” said the council’s resolution. It urges the Missouri legislature to make no changes in the tax credit program and send the bill to the governor for signature."

Graph prepared by Kathy Sorkin, COO of E.M. Harris Construction from data supplied by clients.


Submitted: 4/28/2009
OFFICIAL SUMMARY OF SS/SCS/HCS/HB 191

OFFICIAL Summary as of April 24, 2009

Sponsored by: Senator Lager

Key Cutback Proposals: $100 million cap on historic preservation tax credits; $25,000 limit for residential rehabilitation projects; sunset on historic preservation tax credits for June 30, 2015; supplemental appropriations required for projects which exceed the $100 million cap; $30 million cap on brownfield redevelopment tax credits


Submitted: 4/20/2009
HCS/SB 377

OFFICIAL House Committee Substitute as of April 20, 2009

Key Proposals: Small projects under $350K in tax credits are exempt from annual cap. No sunset or appropriation language is included at this time.

Cutbacks: $165 million cap on historic preservation tax credits; $60 million cap on brownfield credits

 Read the official summary here. Historic preservation tax credits addressed in Section 253.550.

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