MissouriHB30802026 Regular SessionHouseWALLET

Modifies the historic preservation tax credit

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

7 provisions identified: 2 benefits, 2 costs, 3 mixed.

Extra historic credits for project changes

Approved historic projects can receive extra credits in the year the Department is notified of and approves a material scope change. This path requires no earlier approved material scope change and a new credit request above the original approval; credit limits still apply. Projects first approved before August 28, 2018, use the review criteria in effect before that date. Separately, taxpayers whose eligible costs generate credits above their approved amount can apply for credits equal to the excess. They must use the Department's form, and normal application-priority rules apply.

More years to use historic credits

Historic rehabilitation credits can exceed the taxpayer's tax bill in the year the property is placed in service. The taxpayer can carry that excess back to any of the three earlier tax years. Unused credits can also carry forward for up to ten years, ending sooner when fully used.

Historic credit payouts follow review deadlines

Final issuance requires National Register listing and approved rehabilitation, shown by state preservation-office approval or an approved federal Part 3 application. Within 75 days after receiving all required final materials, the Department issues 75% of the lower eligible credit amount claimed or approved. Within 120 days, it makes a final decision and issues any remaining eligible credit, unless the project is under appeal. Taxpayers must repay any initial overpayment. Except where another rule in the subsection applies, certificates are issued in the final spending year or within 12 months after rehabilitation ends.

Historic projects get credits by phase

Phased rehabilitation applications must list each phase's start and end dates, expected costs, and the project's adjusted total basis. Applicants must agree to begin each phase within 12 months of its scheduled start; detailed plans can follow later. Missouri's Department of Economic Development issues 80% of a phase's approved credit after approving its certified costs and completed work. The remaining 20% is issued after final project approval. Taxpayers must repay any credits issued above the eligible total.

Longer deadline for huge historic projects

The law moves the historic-approval deadline from January 1, 2024, to January 1, 2026, for special credit-limit treatment. This covers a single historic structure larger than one million gross square feet with Part I approval or National Register listing before that deadline. For qualifying projects receiving more than $60 million in credits, one-sixth counts toward program limits each year for six years. The project must meet program requirements, including spending at least 10% of project costs within 36 months after the award. The taxpayer must agree to claim the original award over three state budget years, starting in the calendar year credits are issued.

Historic credit applicants face ownership limits

After historic credit approval, the taxpayer's identity generally cannot change. Partners, members, or shareholders can be added while the principal stays. A principal who fails required duties can be replaced after renovation starts and at least 10% of the proposed budget is spent. Specified transfers through foreclosure, a deed in place of foreclosure, voluntary conveyance, or bankruptcy are also allowed.

Historic projects face financing and start deadlines

Applications approved on or after July 1, 2019, require financing proof within 120 days after the credit award. Proof must be a credit line or lender commitment; the commitment may allow cancellation for a material adverse change affecting lending. Applicants have 30 days after notice to fix insufficient proof. For approvals on or after the act's effective date, rehabilitation must start within 24 months of the approval letter. Starting requires planned physical work and spending at least 10% of estimated rehabilitation costs. Applicants must report losing or failing to obtain site control within 10 days; unmet requirements can cause cancellation, returning canceled or forfeited awards to the available pool.

Sponsors & Cosponsors

Sponsor

Louis Riggs
Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 153 • No: 170

Senate vote • 5/15/2026

Truly Agreed To and Finally Passed

Yes: 24 • No: 4

House vote • 4/9/2026

Emergency Clause Defeated

Yes: 2 • No: 131 • Other: 1

House vote • 4/9/2026

Third Read and Passed

Yes: 104 • No: 34 • Other: 1

House vote • 4/8/2026

Reported Do Pass

Yes: 7 • No: 0

House vote • 3/12/2026

Reported Do Pass

Yes: 8 • No: 1

House vote • 3/3/2026

HCS Reported Do Pass

Yes: 8 • No: 0 • Other: 1

Actions Timeline

Delivered to Secretary of State (G)
7/13/2026House
Approved by Governor (G)
7/13/2026House
Delivered to Governor
5/28/2026House
Signed by President Pro Tem
5/28/2026Senate
Signed by House Speaker
5/28/2026House
Senate Message
5/15/2026Senate
Truly Agreed To and Finally Passed - AYES: 24 NOES: 4 PRESENT: 0
5/15/2026Senate
Taken Up for Third Reading
5/15/2026Senate
Placed on Informal Calendar
5/7/2026Senate
Reported Do Pass
5/7/2026Senate
Voted Do Pass
5/6/2026Senate
Executive Session Held
5/6/2026Senate
Referred: Fiscal Oversight
5/4/2026Senate
Reported Do Pass
5/4/2026Senate
Voted Do Pass
4/29/2026Senate
Executive Session Held
4/29/2026Senate
Public Hearing Held
4/29/2026Senate
Public Hearing Scheduled - Wednesday, April 29, 2028, 10:00 a.m., Senate Committee Room 1 - 1st Floor
4/23/2026Senate
Second read and referred: Economic and Workforce Development
4/21/2026Senate
Reported to the Senate and First Read
4/13/2026Senate
Emergency Clause Defeated - AYES: 2 NOES: 131 PRESENT: 1
4/9/2026House
Third Read and Passed - AYES: 104 NOES: 34 PRESENT: 1
4/9/2026House
Taken Up for Third Reading
4/9/2026House
Reported Do Pass - AYES: 7 NOES: 0 PRESENT: 0
4/8/2026House
Voted Do Pass
4/8/2026House

Bill Text

Truly Agreed
5/15/2026
PDF
Perfected
4/1/2026
PDF
Committee Substitute
3/3/2026
PDF
Introduced
1/22/2026
PDF

Related Bills

Back to State Legislation