HB 378 -- Tax Credits:  Historic Preservation

Co-Sponsors:  Viebrock, Townley, Myers, Merideth

This bill places a $5 million cap on the total costs and expenses
of rehabilitation for a project to be eligible for a historic
preservation tax credit.  Under current law, there is no cap.

The bill also removes the requirement that projects qualify under
federal law and instead requires approval of projects by the
Department of Economic Development.

The bill also requires that if renovation on an approved project
does not begin within three years of the approval of the project,
the applicant must reapply.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:11 am