This week, the Senate and House will be preparing conference reports on the state budget. It is likely that legislators will spend a fair amount of time in conferences set for this week. However, there is the persistent possibility that legislation related to the historic preservation tax credit may be put into action. The following [...]
Here’s a quick rundown of who supports Historic Tax Credits and who opposes this vital economic development tool. Contact the opponents of this successful job creation and neighborhood revitalization program and tell them HTC programs are good for Missouri.
The Historic Tax Credit program allows a tax credit equal to 25% of qualified expenditures associate with a historic redevelopment project. The Historic Tax Credits are available to a project of any size, and can be used for both commercial and residential purposes. In St. Louis alone, Historic Tax Credits have been responsible for the dramatic redevelopment of downtown.