Missouri Tax Credit News Archives

Blog Archives

Less Tax Credits - the facts and figures - September 11, 2013

It seems like Missouri tax credits are very hard to find. At Lisart Capital we seem to spend the bulk of our time telling people that we don't have any inventory. A recent article in the St. Louis P

Cut, Paste and Copy. The Missouri Legislature does nothing again! - May 20, 2013

Albert Einstein once said that the definition of insanity is doing the same thing again and expecting a different result. Well, the Missouri legislature has done the same thing five times in a row.

Missouri Tax Commission - the Toothless Tiger - December 10, 2012

The Missouri Tax Credit Commission that was appointed by Governor Nixon in 2010 has reconvened and is preparing to issue its updated report very shortly. The recommendations this time around are subs

The Missouri Legislature - this year's gridlock issue - November 12, 2012

For the past several years there has been a lot of banter about reining in the Missouri tax credit programs, especially the Missouri historic and Missouri iow income programs. However, nothing happen

The election - Missouri impact - November 07, 2012

From a tax credit perspective, it looks like things went as well as possible for those who want to preserve Missouri tax credit programs. One of our biggest enemies, Senator Jim Lembke was defeated.

Missouri Politics - the cycle repeats - September 20, 2012

They're back! The Tax Credit Commission established by Missouri Governor Jay Nixon two years agao met in Jefferson City last week. This is the second attempt to have this group make changes to the t

Historic Tax Credit Economic Impact - July 11, 2012

Rutgers University just released its Third Annual Report on the Economic Impact of the Federal Historic Tax Credit. The study shows that historic rehabilitation benefits state economies as well as th

Kansas cuts tax rates - May 30, 2012

The state of Kansas recently passed a bill that will decrease the income tax rate to 4.9% from 6.45% in 2013. The legislation was hotly contested. Nebraska had already passed tax reduction legislati

End of Missouri legislative session report by AIJP - May 22, 2012

The end of the legislative session produced more tension as the Senate made attempts to once again slash the Historic Tax Credit program. In a veiled attempt to call for tax credit reform Senator Lem

Missouri Legislators - a late attempt from the Jackals - May 17, 2012

No session of the Missouri Legislature would be complete without an 11th hour attempt to drastically curtail the Missouri historic tax credit program.

The Missouri Senate just passed a

Lobby Day in Missouri for historic tax credits - May 08, 2012

Lisart Capital joined Missouri Preservation and the Alliance for Investment, Jobs & Preservation (AIJP) at the State Capitol on April 25th to show support for the vital Missouri Tax Credit program. It

Missouri budget - February 10, 2012

The link below will take you to an interesting article about the state budget in Missouri. Despite all of the rhetoric, actual year-over-year state spending in Missouri has only decreased 3 times in

Where are Missouri Tax credits going in the 2012 Legislative Session - February 08, 2012

It's that time of year again. The Missouri Legislature is back in session. Headlines and Op Ed pieces talk about the necessary demise of Missouri tax credits. Education is being robbed of vital dol

Missouri's do nothing legislature - October 18, 2011

We hate being right, but the Missouri legislature proved that it was incapable of getting anything done during the most recent special session. Don't assume we have some great insight into how Missou

Gridlock appear to continue in the Missouri Legislature's Special Session - September 15, 2011

Follow this link to see where things stand as of today, 9-15-2011, in the Missouri Legislature's special session.

http://missouri-news.org/category/news/business

These folk

The Sausage Making Begins - September 06, 2011

Today, September 6th, 2011, the Missouri Legislature begins its special session. The primary goal of the session is to overhaul the state's tax credit programs. If passed, the bill will curtail many

Nadia Nance joins Lisart Capital - July 18, 2011

Lisart Capital is pleased to announce that Nadia Nance has joined the firm as a Vice-President. Nadia spent the last four years with Commerce Bank working in their tax credit area. She will not only

Missouri Governor Jay Nixon Recommends Closing Film Office - June 20, 2011

Governor Jay Nixon has recommended cutting funding for the two full time positions in the Missouri Film Office. This effectively closes the office on June 30th after almost 30 years of business. Thi

2nd Annual Report on the Economic Impact of the Federal Historic Tax Credit - June 06, 2011

The National Trust Community Investment Corporation and Rutgers University have released their 2nd Annual Report on the Economic Impact of the Federal Historic Tax Credit. This report is widely cited

The End of the Missouri Legislative Session - no changes to Missouri Tax Credits - May 16, 2011

As predicted by Lisart Capital on this blog several months ago, gridlock prevailed! The Missouri Legislature failed to pass legislation that would rein in Missouri historic tax credits, Missouri Low

China Cargo Hub - April 27, 2011

A bill is rapidly making its way through the Missouri legislature. The bill, known as the Aerotropolis Trade Incentive and Tax Credit Act, provides for over $400 million in Missouri tax credits and

Historic tax credits - the National Park Service Report - April 04, 2011

We are always focused on the Missouri legislature and what is going on with historic tax credits in Missouri. Sometimes you have to step back and see what is going on across the country. The Nationa

Missouri Legislature and Tax Credits - April 02, 2011

Politics is a very funny thing, particularly when it comes to the State of Missouri. The leaders that are trying to drastically cut the Missouri historic tax credit program and many of the other Miss

Missouri tax credits issuance and authorization slowing - February 10, 2011

Poor economic conditions combined with expanded administrative review processes have dramatically slowed the authorization and issuance of Missouri historic tax credits. Follow this link to read an i

Missouri Governor's failed math - February 01, 2011

Governor Jay Nixon could use some brushing up on his math and economics. After a successful experience with Up in the Air, a recent George Clooney film, director Michael Beugg decided to make another

MIssouri Politics and Tax Credits - January 21, 2011

Missouri politics can be entertaining, especially when it comes to tax credit programs. Senator Crowell, a strong opponent of Missouri tax credits, has come up with an interesting new tactic. He has

The State of the State and Predictions for tax credits in Missouri - January 05, 2011

Tonight (1/5/11) Missouri Governor Jay Nixon will give his state of the state message. The Missouri legislature is going into session and the real work to deal with the budget begins. The Missouri t

Missouri House Speaker questions Governor's Commission Report - December 16, 2010

Below is an excerpt from a recent radio interview with Steve Tilley, the incoming House Speaker.

The incoming Speaker of the Missouri House is again voicing doubts about a report that rec

And Now the Politicians take over! Missouri tax credits are a political football! - December 03, 2010

The recent and frequent headlines surrounding the report on tax credits from Governor Nixon's commission leave one with the impression that we are headed in a direction of dramatic cuts in the program

Missouri Tax Credit Commission Report has been issued - November 30, 2010

The commission formed by Governor Jay Nixon has released its final report. The entire report can be found by using the link below.

http://tcrc.mo.gov/

It is important to rem

Missouri Tax Credit Commission - they are getting close to a report - November 19, 2010

Reforming tax credits could save Missouri more than $200 million
By Brian R. Hook on November 18, 2010

A torrent of tax credits across the state may turn into a sprinkling

Missouri tax credits article in STL PD November 14, 2010 - November 15, 2010

It is always nice to be recognized in the Missouri tax credit industry! Below is an excerpt from a recent article in the St. Louis Post-Dispatch.

Players in the tax incentive game

Missouri tax credit commission has spoken - November 12, 2010

Tax credit commission finalizing recommendations
By Missouri News Horizon on November 11, 2010

The commission tasked by Missouri Gov. Jay Nixon to review the state's tax credit prog

Missouri Tax Credits, new administrative rule - November 12, 2010

The following message was received from a staffer with the Missouri Department of Economic Development. This is important information for those that transfer Missouri tax credits such as Historic, Br

Governor NIxon's remarks for Tax Credit Review Commission - September 10, 2010

Here's Jay!


Gov. Nixon's remarks for Tax Credit Review Commission Kick-off Septe

The Missouri Governor is back in action - September 10, 2010

Missouri Governor Jay Nixon's Tax Credit Review Commission (TCRC) has begun it review of Missouri's tax credit programs. The full TCRC meeting was held September 8, 2010 to debrief the Commission memb

Governor's Commission for evaluating Missouri tax credits is Blasted! - July 23, 2010

Follow the link below to read why tax credit supporters in Missouri are blasting the Governor's newly named commission.

http://www.bizjournals.com/stlouis/stories/2010/07/19/daily75.htm

Missouri uses delay tactics in issuing tax credits - July 21, 2010

Governor Nixon couldn't get his way in trying to obliterate Missouri tax credits, so he is trying to use administrative means to create uncertainty and delay tactics to destroy the programs. Follow t

Excerpt from the Coalition for Historic Preservation and Economic Development - July 16, 2010

We thought you would find the following excerpt from a recent e-mail of interest.

Dear Coalition Members,
It has recently been brought to our attention and confirmed that the Depart

Missouri income tax refunds - the new law - July 13, 2010

Governor Nixon has signed a bill which shortens the time that the Department of Revenue can take to process income tax refunds without having to pay interest. The new legislation moves the time from

The latest on Missouri tax credits - June 18, 2010

If the governor can't get his way with the Missouri legislature with respect to Missouri tax credits, he is going to use administrative methods to rein in Missouri tax credits. Governor Jay Nixon ann

Missouri Land Assemblage Tax Credits - May 17, 2010

In 2009, a citizens group in St. Louis mounted a legal challenge to the Missouri Distressed Area Land Assemblage Tax Credit. A judge ruled against the group in April. However, the group filed a noti

Missouri Tax Credits - No change - May 17, 2010

It's official. The Missouri legislative session came to end without passing any legislation adversely impacting Missouri tax credits. Those of us active in the Missouri tax credit business have live

Missouri Historic Tax Credits - final days of the legislative session - May 12, 2010

We are nearly to the end of the legislative session. As always, a lot of things can happen in the final hours. The heavy emphasis on Missouri historic tax credit legislation makes this of particular

The latest from the Missouri Legislature on Tax Credit Reform - May 05, 2010

A new bill impacting Missouri Historic tax credits and Missouri low income housing tax credits was to be heard in the House Job Creation and Economic Development committee meeting last evening. Key p

Missouri tax credts, where are we headed? Our rant. - May 03, 2010

It seems like there is an article in the newspaper every day concerning the future of Missouri tax credits. Opponents contend that Missouri tax credits need to be reined in. Their belief is that we

Land Assemblage Tax Credits - A Court Victory - April 01, 2010

Last year, a group of St. Louis citizens filed suit asserting that the Missouri Land Assemblage Tax credit law enacted by the Missouri Legislature was unconstitutional. On March 31, 2010, Judge Cole

Historic Tax credit support - March 08, 2010

The historic tax credit program is under constant attack in Missouri. The budget is in bad shape and legislators are looking for programs to cut. Before such a move is made, they should consider the

Feb 19, 2010 MHDC meeting - February 19, 2010

Today I attended the MHDC meeting in Jefferson City. As is customary, the house was packed with developers, syndicators, bankers, etc. All were waiting for the ratification of the 2010 Rental Produc

Missouri tax credits and the Legislature - February 12, 2010

On February 11, 2010, I attended a reception for the House Republican Campaign Committee. The HRCC and their guests have been ardent supporters of the Missouri State Historic Tax Credit and are our s

MHDC Tax Committee - February 09, 2010

Today, February 9th, 2010 the MHDC tax committee is meeting in St. Louis. The purpose of the meeting is to hear the consultants report with respect to the certification of Missouri low income housing

The legislative dance begins - February 05, 2010

As expected, the Missouri legislature had begun its annual ritual of trying to restrict the Missouri historic tax credit program. After just instituting a cap of $140 million of Missouri historic tax

a new type of tax credit - January 06, 2010

Missouri just issued its first land assemblage tax credit. Lisart Capital is proud to have purchased a significant portion of this first issuance. The Missouri Land Assemblage tax credit will be iss

Preserve Missouri Award - December 22, 2009

Congratulations to Foutch Brothers and the entire team involved in the restoration of the historic Mead building (aka The Paper Lofts) in St. Joseph, Missouri. The project has won a Preserve Missouri

Upcoming historic tax credit conference - December 16, 2009

March 3-5 Reznick Group will hold its national historic tax credit conference in Washington DC. They haven't held the historic tax credit conference in two years, but the past historic tax credit con

2009 Missouri Preservation Conference - November 05, 2009

On November 4, 2009 the Missouri Preservation conference kicked off with an all day workshop on Advanced Missouri Tax credit workshop.  The session was intended for experienced Missouri tax credit and

Missouri Joint Committee on Tax Policy - October 20, 2009

A lot of us in the Missouri tax credit community thought that the legislation enacted last year capping the Missouri historic tax credits at $140 million per fiscal year would give us some certainty i

How you can use Missouri tax credits on your Missouri income tax return - October 20, 2009

Missouri tax credits are a great tool to use for reducing the cost of satisfying your Missouri tax liability. The Missouri transferable tax credits (Missouri Neighborhood Preservation tax credits, Mi

The cap on Missouri Historic Tax Credits - October 12, 2009

Missouri has enacted a cap with respect to historic tax credits. The cap is first imposed for the second half of the state's fiscal year - January 1, 2009 thru June 30, 2009. It is expected that dev

Tax credit demand - October 09, 2009

Missouri 2008 tax credits are in high demand as the 2008 tax filing season winds down. Individuals use transferable Missouri tax credits, which include Missouri historic tax credits, Missouri brownfi

Change is coming to the Missouri LIHTC program - October 07, 2009

The Missouri state auditor prepared a scathing report as to the inefficiency of the Missouri LIHTC program. The report correctly indicates that the pricing for Missouri low-income housing tax credits

Missouri Preservation Conference - October 07, 2009

The Missouri statewide preservation conference is being held November 4-5 in Independence, Missouri. If you are active with Missouri state and federal historic tax credits in Missouri this conferenc