State historic tax credit programs

Missouri Historic Preservation Tax Credit Program

Program overview:

The Missouri Historic Preservation Tax Credit Program provides a tax credit equal to 25 percent of approved costs associated with the qualified rehabilitation of a certified historic property. The state credits are administered jointly by the Community Development Division in the Missouri Department of Economic Development (DED) and the Missouri State Historic Preservation Office (MO SHPO). The property must be a certified historic structure –either listed on the National Register of Historic Places (NRHP) or contributing to a National Register listed Historic District. The qualified rehabilitation expenditures (QREs) for the project must exceed 50 percent of the total basis of the property. The Missouri state historic tax credit has recently updated their application process to ensure that the program aggregate cap is used in the most beneficial way for the state.

Aggregate cap (for projects receiving more than $275,000 in tax credits): $90 million with an additional $30 million for projects located in qualified census tracts (poverty rate below 20 percent).

The final application is a certification of completed work, which includes a review of the work completed by the SHPO and a review of the expenses by DED. All work must follow the Secretary of the Interior’s Standards for Rehabilitation.

Who can use the credit?

The Missouri tax credit is sellable or transferable and may be carried back three years or forward for ten years.

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