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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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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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OFFICIAL Summary as of April 1, 2009
Sponsored by: Senator Lager
Key Cutback Proposals: Annual allocations (p.11); $75 million annual cap on historic preservation tax credit (p.11); $25,000 limit for residential rehabilitation (p.11); sunset on historic preservation for June 30, 2010 (p.11); elimination of rebuilding communities tax credit (p.7); $20 million cap and other restrictions on brownfield redevelopment tax credits (p.13)
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OFFICIAL Summary as of March 24, 2009
Sponsored by: Senator Lager
Key Cutback Proposals: Annual allocations; $75 million annual cap on historic preservation tax credit; $25,000 limit for residential rehabilitation; Sunsets historic preservation on June 30, 2010 (p. 10); Eliminates rebuilding communities tax credit (p. 6); Prohibits layering of tax credits (p. 9); $25 milion cap and other restrictions on Brownfield (p.12)
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