Establishes a tax credit for renovating critical revitalization properties in Missouri.
The bill modifies the "Rebuilding Communities and Neighborhood Preservation Act" to create a tax credit for renovating critical revitalization properties. These are properties recognized as contributing resources in a National Register-listed historic district and zoned for residential, commercial, or mixed use. The tax credit is equal to 35% of eligible costs, with a minimum of $5,000 and a maximum of $100,000 per property in any ten-year period.
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