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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.
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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.
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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
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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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by Jon K. Rust
"Simply put, historic tax credits prime the pump for economic development while at the same time preserving our historic roots in ways that are powerful and beneficial."
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