25% Tax Credit
The state credits apply to income-producing property including either commercial or residential rental property, or personal residences that are certified historic structures and meet the minimum investment threshold. Missouri law provides an investment tax credit equal to 25% of approved costs associated with qualified rehabilitation made after Jan. 1, 1998. A state tax credit is a dollar-for-dollar reduction or elimination of an individual/entity’s state tax liabililty.
Results of Missouri’s Historic Preservation Tax Credits Through 2020:
- Over $10 billion in private investment before the credits were issued
- 3,700+ projects in 72 communities
- 72,000+ construction jobs
- 22,000+ permanent jobs
2020 Report on Missouri Tax Credits by the Missouri Department of Economic Development
Update: In Spring 2021, a new application and score card for Missouri applications was released. Visit the Missouri DED website to ensure you download the most recent materials.
UPDATE: On May 1, 2019, New Rules regarding the Missouri Historic Preservation Tax Credit were released to the public.
Changes to the rules include:
- A new $90 Million project cap (formerly $140M for projects $275k and over), with an additional $30M solely for projects located in a qualified census tract. Applies only for projects $275k and over.
- Additional documentation required for preliminary applications.
- Additional Scoring Criteria: overall size and quality of the project, level of economic distress, net fiscal benefit, and input from local elected officials.
- Final application review now 9 months from date of authorization letter and no less than 10% of estimated costs of rehab (formerly 2 years).
- 4% issuance fee (up from 2.5%)
- Updates to existing definitions.
- Submit 2 sets of state application materials directly to Missouri Department of Economic Development, 2 sets of federal application directly to State Historic Preservation Office (previously 3 sets of state/federal application materials to DED who then forwarded them to SHPO).