Bill > HB1715

This bill establishes the Workforce Housing Tax Incentives Program, which creates tax incentives for housing development in Missouri. The program provides tax credits and sales tax refunds for housing businesses that complete qualifying housing projects in urban areas, small cities, and disaster recovery areas. Eligible projects must include at least two to four dwelling units, depending on the location, and can involve rehabilitation of brownfield or grayfield sites, redevelopment of dilapidated units, or new construction in certain circumstances. The program sets maximum average dwelling unit costs and requires projects to meet housing quality standards. Housing businesses can receive tax credits ranging from 10% to 20% of their qualifying new investment, depending on the project's location, with a maximum of $1 million per project. The tax credits can be transferred and used against state tax liability for up to five years. The program has a total cap of $35 million for non-disaster recovery projects and an additional $35 million for disaster recovery housing projects, with half of the disaster recovery funds reserved for small cities. The program will sunset six years after its effective date unless reauthorized by the state legislature.

https://house.mo.gov/Bill.aspx?bill=HB1715&year=2026&code=R