Bill > HB1735

This bill modifies the "Rebuilding Communities and Neighborhood Preservation Act" to establish a new tax credit for critical revitalization properties located in National Register-listed historic districts. Specifically, the bill creates a 35% tax credit for property renovation expenses of at least $5,000, with a maximum credit of $100,000 per property in a ten-year period. A critical revitalization property is defined as an occupied property that contributes to the historical character of a recognized historic district and is zoned as residential, commercial, or mixed-use. The bill expands definitions of eligible properties, introduces new terms like "historic district" and "critical revitalization area," and adjusts existing tax credit provisions. The tax credits will be available from January 1, 2000, to December 31, 2026, with a total annual cap of $16 million, and the Department of Economic Development will be responsible for administering the program, including establishing an application process that considers both individual property and local nonprofit organization applications. The bill also requires an annual comprehensive program evaluation to assess the economic impact and effectiveness of the tax credit program.

https://house.mo.gov/Bill.aspx?bill=HB1735&year=2026&code=R