Missouri historic preservation tax credits are down
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.