SB961

Missouri SB961 modifies the Historic Preservation Tax Credit, adjusting eligibility, application processes, and tax credit percentages.

Missouri SB961 modifies the Historic Preservation Tax Credit by adjusting eligibility criteria, application processes, and tax credit percentages. The bill introduces new definitions for terms like "certified historic structure" and "qualified rehabilitation standards." It outlines specific percentages for tax credits based on the type of property and its location. The bill also details the application process, including the submission of detailed plans and evidence of compliance with rehabilitation standards.