Missouri Coalition for Historic Preservation and Economic Development

Contact your legislator and tell him/her that you support Historic Tax Credits. Attached is a list with contact information. 

 "Tax credit plan advances dubious policy based on false urgency

But the devil is in the details. The details in Mr. Nixon’s plan make it something less than an exercise in good government.

The most radical change would be to entrust the governor’s political appointees with greatly expanded authority to allocate hundreds of millions of dollars of taxpayer money. The current system in place for the largest tax credit programs allocates money by objective criteria. Under Mr. Nixon’s proposal, the state’s Department of Economic Development, run by gubernatorial appointee would make the decisions."

 Heritage Tax Credits: Maryland’s Own Stimulus to Renovate Buildings for ProductiveUse and Create Jobs, an $8.53 Return on Every State Dollar Invested

Study: Missouri tax credits spurred $2.9 Billion  in investment.

A study released this week found that Missouri’s historic tax credit program spurred $2.9 billion in private investment from 2000 to 2009, and either saved or created 43,150 jobs.

The study found that Missouri issued nearly $832 million in historic tax credits from 2000 through 2009.

Missouri has received an estimated $161,974,950 in sales/use tax revenue and $394,802,307 in income taxes from economic activity associated with historic tax credits since 2000, for an estimated total of more than $669.8 million, the study reports

Read more: Study: Missouri tax credits spurred $2.9B in investment - St. Louis Business Journal:
 

Study says historic tax credits generated $2.9 billion in new investment

 A new study from Rutgers University that showed the economic development benefits of the Missouri Historic Tax Credit.

“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.

"...Nixon said he saw progress being made in the discussions among senators and between the Senate and House..."I'm cautiously optimistic that next week is going to be a good week for that bill." Reached for comment this afternoon, one of the bill's chief architects, Rep. Tim Flook, outlined several of the compromises being discussed."

"Nobody's going to mess with that thing, if they don't get the tax credits," said McCroskey, who owns Bob McCroskey Real Estate and is the listing agent for several downtown properties. "Just the threat of not having tax credits or capping the tax credits is changing real estate in downtown and older parts of Springfield. ... Would the banker in today's market loan money to a developer who might not get those tax credits?"

Highly unlikely, said Allen Casey, owner of Casey Architecture."

"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."