About

Missouri Historic Revitalization Alliance

Aligns various supporters of the Missouri Historic Tax Credit under the common mission of protecting it

MOHTC

Since 1998, The Missouri Historic Tax Credit Program has done a world of good for Missourians. Have you noticed revitalization on a main street or a downtown in Missouri in the past 15 years?

You can thank MOHTCs

  • 43,000 jobs created, more jobs than by any other economic development tool in the state’s history
  • $1 billion boost to Missouri’s economy every year
  • Critical revitalization of formerly unproductive downtowns in rural and urban communities
  • Invited people to work and play where infrastructure and amenities already exist
  • A major increase to the state tax base
  • Raised Revenue: For every $1 issued through the credit $1.50 returned in state and local taxes
  • The only widespread economic development tool that the state has to offer

What would a reduction in the cap for the Missouri Historic Tax Credit do?

  • A cut would slow growth at a time Missouri is just gaining post-recession $$ steam
  • Halt redevelopment projects in rural and urban communities throughout the state
  • Homeowners and developers are less likely to proceed with projects under a lowered cap
  • Diminish economic feasibility of many redevelopment projects
  • Reduce sales and property tax revenue potential
  • Remove the incentive to develop and transform vacant buildings
  • Lower property values

Figures from: Evaluation for Missouri Growth Association. Coffin, Sarah L, Ph.D., McCall, Ben, and Ryan, Rob, MAUA, Saint Louis University, 2010.

Can we stop the Cap from falling?

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