Tag: low income housing tax credit

No support for Hegeman’s bill on historic tax credits in Local Government and Elections

JEFFERSON CITY, Mo. — A number of tax credits are under fire from Republicans during this year’s legislative session, most notably the state’s Low Income Housing Tax Credit (LIHTC) and the Historic Preservation Tax Credit. Those two items were heavily debated during the discussions of the Governor’s Committee on Simple, Fair and Low Taxes, where they noted a less than desirable return on investment, with the LIHTC program reportedly 42 cents for every state dollar […]

Governor’s commissioners pass draft motion to not fund tax credits in FY2019

COLUMBIA, Mo. – At the rescheduled Missouri Housing Development Commission (MHDC) meeting Friday, six men voted in an executive suite at the Holiday Inn to support a draft motion to not issues tax credits for FY2019. Over an estimated 150-200 people, ranging from tax credit housing residents, lawmakers, and stakeholders looked on as only Lt. Gov. Mike Parson and state Sen. Jamilah Nasheed, D-St. Louis City, spoke more than briefly about what tax credits meant to […]