Establishes the Revitalizing Missouri Downtowns and Main Streets Act

Summary

The bill adds new sections to the Missouri tax code that give a credit of 25% of qualified conversion costs for turning office buildings into mostly residential use, and a 30% credit for upper‑floor housing in designated main‑street districts, starting with tax years beginning Jan 1 2027. The credit can offset state tax liability, be carried back three years or forward ten years, and may be sold or transferred. It targets owners of non‑residential properties at least 25 years old that are substantially converted.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share