historic tax credits

On The Trail
10:20 pm
Sun May 18, 2014

We Asked Five Questions About Missouri's Legislative Session; Here Are The Answers

This year's legislative session is in the books. But it's possible that a veto of the school transfer bill could put this year's session in to overtime.
Jason Rosenbaum/St. Louis Public Radio

Few could accuse the Missouri General Assembly of languishing during its last few days of session.

In fact, the legislature’s last dash was something of a whirlwind: It featured fierce debates over bills about student transfers and abortion restrictions. Lawmakers also sent proposals on a transportation tax and early voting procedures to the November ballot. Other efforts fizzled out, including last-minute pushes to expand and reconfigure the state’s Medicaid system.

Read more
Missouri Legislature
10:21 pm
Tue April 8, 2014

Commentary: Historic Preservation Means Economic Growth

This building on Cherokee Street was recognized by Landmarks as an endangered property that had been enhanced.
Credit File photos | Provided by Landmarks

As the Missouri legislature debates the future of the state’s historic rehabilitation tax credit program, I would like to consider the meaning of the term “historic preservation” in the context of economic development.

In this context, historic preservation simply means the repair and reuse of high quality existing buildings.

Large numbers of useful buildings in town centers and urban areas across the region are under-performing as economic assets because they need to be repaired and brought back into productive service.

Read more
Historic Tax Credit
10:30 am
Tue March 25, 2014

Schweich Casts Critical Eye Toward Historic Preservation Tax Credit

Credit Jason Rosenbaum, St. Louis Public Radio

(Updated 4 p.m., Tues., March 25)

State Auditor Tom Schweich issued a tough audit of the Missouri’s historic preservation tax credit, saying that the incentive that’s refurbished countless buildings throughout the state is too expensive and structurally inefficient. 

Read more
Tax Credits
4:57 pm
Thu March 6, 2014

Missouri House Sends Tax Credit Overhaul To Senate; Would Cut Preservation, Housing

Rep. Anne Zerr, R-St. Charles, House Speaker Tim Jones, R-Eureka, Rep. Noel Torpey, R-Jackson County and Speaker Pro Tem Denny Hoskins, R-Warrensburg, speak to the press.
Credit Jason Rosenbaum, St. Louis Public Radio

The Missouri House passed legislation on Thursday curtailing two of the state’s largest tax credit programs. 

State Rep. Anne Zerr’s bill would reduce the historic preservation tax credit’s cap to $90 million from $140 million. That program helps refurbish older buildings and has been used extensively throughout St. Louis.

The bill would also gradually reduce the cap on the tax credit for low-income housing to $110 million from $140 million. That credit provides an incentive for developers to build housing for the working poor, elderly and disabled.

Read more
State budget
4:47 pm
Thu February 13, 2014

Nixon Outlines Requirements For Tax Cut Plan That He Could Support

Missouri Gov. Jay Nixon
Credit Marshall Griffin, KWMU

(Updated 12:45 p.m. Fri., Feb. 14)

Missouri Gov. Jay Nixon has unveiled a tentative deal for a tax-cut package made with some Republicans in the state Senate, but his requirements could delay when -- or if -- the cuts go into effect.

Read more