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by Mark Johnson
"Keep in place what has been so important, especially in communities fewer than 100,000 people.
If that is done, the tax credits will continue to provide short and long-term benefits; creating jobs, stabilizing neighborhoods and maintaining ties with the past, which are often integral to the character and identity of a community."
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The historic tax credit program "add[s] to the tax rolls and strengthen[s] the fabric of neighborhoods."
Some Missouri lawmakers are trying to gut the state’s Historic Preservation Tax Credit program, a blow that would cripple a vital economic engine around the state, but particularly in the city of St. Louis.
A group led by Sen. Brad Lager, R-Savannah, is holding Gov. Jay Nixon’s economic stimulus bill hostage, demanding as ransom the radical reordering of a long list of state tax credit subsidies.
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By David A. Lieb/The Associated Press
"The group that is out there stealing from us is the historic preservation tax credits, and I'm coming,"
Sen. Brad Lager, R-Maryville, said on Thursday while declaring his desire to place restrictions on the program.
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Mark your calendars! We need your support!
Sponsored by Commerce Bank and Spencer Fane Britt & Browne, LLP, the Missouri Coalition for Historic Preservation & Economic Development Kansas City fundraiser is scheduled for Thursday, March 27, 2008, from 5:30 to 7:30 in Commerce Bank's Walnut Lobby, 922 Walnut, Kansas City, Missouri. Complimentary parking is available in the Tower Garage, 910 Walnut.
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Swift Action By The Coalition Saves Credits Again
Senate Bill 898, sponsored by Senator Dan Clemens, was amended by Senator Victor Callahan (D-20th) to include language that would sunset ALL tax credit programs in 2011!
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HB 1551 would eliminate corporate income tax by 2013
House Bill 1551, sponsored by representative Bryan P. Stevenson (R-128th District) received a do pass vote on February 12, 2008. It calls for a gradual elimination of the corporate income tax, with full implementation by January 1, 2013.
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As long as historic preservation is viewed as a "cause" rather than an ongoing conversation about the value of the built environment, it will not have the meaning that it should.
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Historic Preservation Seen As Key
A historic preservation plan completed in September of 2002 for Lee’s Summit, Missouri (http://www.lees-summit.mo.us/)identified 34 individually eligible historic structures and sites and 356 contributing structures with potential for 16 historic districts. The “vision statement” regarding Old Lee’s Summit neighborhoods reads: “Old Lee’s Summit neighborhoods surround downtown, representing the roots of the community. These neighborhoods, with their mix of block and lot structure, along with the diverse architecture, represent the historic roots and growth of the community over time. The intimate neighborhood character of these neighborhoods will be retained into the future.”
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Join us to celebrate 10 years of historic tax credit legislation in Missouri!
Mark your calendars! The HTC Coalition Legislative Session Kickoff Fundraiser is scheduled for Wednesday, January 23, 2008 from 5:30 to 7:30 p.m., at the Schlafly Tap Room, 2100 Locust Street, in downtown St. Louis. Hors d'oeuvres and a cash bar will be available.
Come and show your support for Missouri's Historic Tax Credit program while helping to celebrate the 10th anniversary of this vital economic development tool.
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Call on State Senators to Halt the Sunset Provision to the Missouri Historic Tax Credit
Senate Bill 86 has been amended to add a provision that will automatically sunset the Historic Tax Credit program and all other tax credit programs in 2011 unless the general assembly reauthorizes the program. While this amendment is being portrayed as a “typical review” of all tax credit programs, this is NOT a typical review. The sunset is automatic unless the General Assembly acts to reauthorize the program.
The Historic Tax Credit is one of few widespread economic development tools that work statewide, in small communities and big cities alike. Since 1998, over 900 historic renovation projects have been completed in 37 counties and 55 communities across the state. A sunset provision to the Historic Tax Credit will halt future development in Missouri and put in jeopardy all pending projects.
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