Historic Tax Credits

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Historic Tax Credits

What are Missouri Historic Tax Credits?

Missouri Historic Tax credits are a tax incentive for historic preservation of buildings through the Missouri Department of Economic Development. Missouri law provides an investment tax credit equal to 25 percent of approved costs associated with qualified rehabilitation. Missouri tax credits can be carried back three years and forward 10 years. In addition, the tax credits can be transferred, sold or assigned. Missouri Historic Tax Credits are allowed on qualifying investment properties as well as a taxpayer’s personal residence.

Why do you need a CPA?

For final applications with a total project cost less than $250,000, the applicant must engage a Certified Public Accountant to prepare the expenditures list using the EXP-Form. For projects with total project costs of $250,000 or more, the applicant must engage a CPA to perform an examination of the expenditure list.

Why use Elder & Isaac for your HTC Certification?

Our team has many years of experience of all sizes and types of Historic Tax Credit projects. We can walk you through every step of your final application. Our relationships with HTC Consultants and State DED employees, help make the process more efficient and accurate.
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