Missouri Governor Signs Bill Creating Capitol Complex Tax Credit

Thursday, July 1, 2021 - 11:15am

Missouri Gov. Michael Parson signed legislation creating the Capitol Complex tax credit, which can be used to rehabilitate or renovate buildings in the Capitol Complex in Jefferson City, Missouri. S. 36 covers rehabilitation or renovation of five buildings in the Capitol Complex. Taxpayers who make a monetary donation to the Capitol Complex Fund are allowed a tax credit of 50% of the amount and taxpayers who make an artifact donation are allowed a credit of 30% of the value of the artifact. The credit is effective for tax years beginning on or after Jan. 1, 2021.

The Novogradac Historic Rehabilitation Handbook offers an overview of the HTC and the intricacies of the incentive, including the interaction of the federal and state HTCs.