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Missouri historic preservation tax credits are down

The judge said failure by lawmakers to pass wide-ranging tax credit legislation in the fall special session renders the bill unconstitutional.
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The judge said failure by lawmakers to pass wide-ranging tax credit legislation in the fall special session renders the bill unconstitutional.

 

   The amount of historic preservation tax credits authorized in Missouri has dropped for the fourth consecutive year. The St. Louis Post-Dispatch reports that Missouri only authorized $93.9 million in credits during the 2013 fiscal year. That is about a $5 million decrease from the previous fiscal year.

The historic preservation credit is the most expensive credits in Missouri. In 2009, the program peaked with $212 million authorized.  The program gives developers authorized tax credits to lower the cost of refurbishing historic buildings.

Alexandra Olgin is a student newscaster.
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