Bill > HB3080

This bill modifies the Missouri Historic Preservation Tax Credit program by changing the name of the act to the "Missouri Historic, Rural Revitalization, and Regulatory Streamlining Act" and allowing the program to be cited as such. It adjusts the tax credit percentages for historic property rehabilitation, offering a 25% credit for properties not in a qualifying county or those already receiving other state tax credits, and a 35% credit for properties in qualifying counties that are not already receiving other state tax credits, with a portion of the costs eligible for credit even before formal application. The bill also clarifies definitions for terms like "certified historic structure," "qualified census tract," and "qualifying county," and introduces an emergency clause, making its provisions retroactive to August 28, 2024, for all applications received or approved on or after that date.