Missouri HB1498: Modifies provisions of the rebuilding communities and neighborhood preservation act to establish a tax credit for critical revit

What the bill says

From the introduced text:

FIRST REGULAR SESSION HOUSE BILL NO. 1498 103RD GENERAL ASSEMBLY INTRODUCED BY REPRESENTATIVE WELLENKAMP. 3112H.01I JOSEPHENGLER,ChiefClerk To repeal sections 135.478, 135.481, 135.484, and 135.487, RSMo, and to enact in lieu thereof four new sections relating to a tax credit for critical revitalization property. Section A. Sections 135.478, 135.481, 135.484, and 135.487, RSMo, are repealed and four new sections enacted in lieu thereof, to be known as sections 135.478, 135.481, 135.484, and 135.487, to read as follows: 135.478. As used in sections 135.481 to 135.487, the following terms mean: (1) "Critical revitalization area", an area defined as a National Register-listed historic district; (2) "Critical revitalization property", an occupied property that is recognized as a contributing resource in a National Register-listed historic district and is zoned as residential, commercial, or mixed use; (3) "Department", the department of economic development; [(2)] (4) "Director", the director of the department of economic development; [(3)] (5) "Distressed community", as defined in section 135.530; [(4)] (6) "Eligible costs for critical revitalization properties", expenses incurred for property renovation, including surveys, architectural and engineering services, and construction costs related to maintenance, functional use, and property viability; (7) "Eligible costs for a new residence", expenses incurred for property acquisition, development, site preparation other than demolition, surveys, architectural and engineering services and construction and all other necessary and incidental expenses incurred …

Read the full official text

Sponsors

• Colin Wellenkamp (R, 105) · primary sponsor

Latest actions

1. May 15, 2025: Referred: Emerging Issues(H)
2. February 28, 2025: Read Second Time (H)
3. February 27, 2025: Introduced and Read First Time (H)

Common questions

What is HB1498?

HB1498 is a bill in the Missouri Legislature (2025 Regular Session): Modifies provisions of the rebuilding communities and neighborhood preservation act to establish a tax credit for critical revit.

What does HB1498 do?

Modifies provisions of the rebuilding communities and neighborhood preservation act to establish a tax credit for critical revitalization property

What is the status of HB1498?

In committee as of May 15, 2025. Latest action: Referred: Emerging Issues(H) (May 15, 2025).

Who sponsored HB1498?

Colin Wellenkamp (R, 105).

Where is the official record for HB1498?

On the Missouri Legislature website: https://house.mo.gov/BillContent.aspx?bill=HB1498&year=2025&code=R