SB869

Establishes the Revitalizing Missouri Downtowns and Main Streets Act, authorizing tax credits for the rehabilitation of nonresidential properties.

The bill establishes the Revitalizing Missouri Downtowns and Main Streets Act, authorizing the Missouri Department of Economic Development to issue tax credits for the rehabilitation of nonresidential properties converted to residential use. It outlines the criteria for eligible properties, the application process, and the distribution of tax credits. The bill specifies that tax credits can be transferred and assigned, and that the program will sunset unless reauthorized by the General Assembly.