Missouri HB1715 establishes tax incentives for workforce and disaster recovery housing projects.
Missouri HB1715 creates the Workforce Housing Tax Incentives Program, offering tax incentives for housing projects. Eligible projects include rehabilitation of property, new construction in distressed workforce areas, and disaster recovery housing. Incentives are awarded competitively based on application scoring. Projects must meet criteria such as property vacancy, assessed value decrease, and use of the property. The program includes tax credits and sales and use tax refunds. Incentives are subject to maximum costs and compliance fees.
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