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Read. Follow. Verify.Missouri House Bill 1735 establishes tax credits for critical revitalization properties in historic districts
Last action · May 15, 2026: Referred: Emerging Issues(H)Sponsor: Colin Wellenkamp
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What This Bill Would Do
House Bill 1735 modifies the Rebuilding Communities and Neighborhood Preservation Act to create a 35% tax credit for renovating critical revitalization properties located within National Register-listed s, capped at $100,000 per property over ten years. The bill also restructures the annual $16 million tax credit allocation beginning January 1, 2027, to set aside $1 million for these historic district projects, and permits tax credits for the renovation of qualifying rental properties under this new category.
Property owners and developers undertaking renovations in designated s gain access to state tax credits covering up to 35% of eligible costs, while the overall $16 million annual program cap is reallocated to accommodate these new projects starting in 2027.
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
Property owners and developers
Taxpayers who incur eligible costs for renovating critical revitalization properties become eligible for a 35% state tax credit up to $100,000.
Local nonprofit organizations
Nonprofits supporting multiple properties within the same historic district are included in the new departmental tax credit application and evaluation process.
Department of Economic Development
The department is tasked with establishing application processes, evaluating individual and nonprofit applicants, promulgating rules, and conducting an annual comprehensive program evaluation.
Key Facts
- Establishes a tax credit equal to thirty-five percent of eligible costs for the renovation of a critical revitalization property, capped at one hundred thousand dollars in any ten-year period.
- Sets the minimum eligible costs for renovation of a critical revitalization property at five thousand dollars.
- Reallocates the annual sixteen million dollar tax credit cap starting January 1, 2027, allocating one million dollars for critical revitalization projects, seven million dollars for specific distressed or census-defined areas, and eight million dollars for qualifying residence projects.
- Maintains an annual cap of sixteen million dollars for tax credits allowed under section 135.481 from January 1, 2000, through December 31, 2026, split equally into two eight million dollar set-asides.
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- Permits tax credits to be issued for the renovation of rental property if it qualifies as a critical revitalization property.
- Prohibits taxpayers awarded a tax credit for the renovation of a critical revitalization property from also receiving a credit under sections 253.545 to 253.559.
- Requires the department of economic development to establish a tax credit application process that evaluates individual property applicants and local nonprofit organizations supporting multiple properties within the same historic district.
- Allows any tax credit amount exceeding a taxpayer's tax liability to be carried back to any of the three prior tax years and carried forward to any of the five subsequent tax years.
- Requires taxpayers other than owner-occupants to furnish satisfactory proof within thirty days of the sale of a residence that it was sold at market rate for owner-occupancy.
- Mandates that the department of economic development conduct an annual comprehensive program evaluation illustrating credit utilization, economic impact, and recommended modifications.
Frequently Asked Questions
What qualifies as a critical revitalization property under HB 1735?
What is the maximum tax credit available for renovating a critical revitalization property?
Can rental properties qualify for tax credits under this bill?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently in committee. The next step in the legislative lifecycle is Floor Vote.
Procedural history
4 actions- May 15, 2026HouseCommitteeReferred: Emerging Issues(H)
- Jan 8, 2026HouseFloorRead Second Time (H)
- Jan 7, 2026HouseIntroducedRead First Time (H)
- Dec 1, 2025HouseIntroducedPrefiled (H)
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Restructuring of Annual Tax Credit Caps
The legislation introduces a structured shift starting January 1, 2027, carving out a specific one million dollar set-aside for critical revitalization areas within the fixed sixteen million dollar annual aggregate cap.
Connected Entities
Sources
house.mo.gov
Analysis Score
0–100- Significance65How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz25Current news / social attention level
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