SB 591 – Implements a cap on the Low Income Housing Tax Credit

• Sponsor: Hegeman
• LR Number: 4241S.04C
• Committee: Local Government and Elections
• Last Action: 5/18/2018 - Informal Calendar S Bills for Perfection--SB 591-Hegeman, with SCS
• Title: SCS SB 591
• Effective Date: August 28, 2018

Current Bill Summary

SCS/SB 591 - This act implements a cap of $100 million on the amount of tax credits that may be authorized in a given fiscal year under the Missouri Low-Income Housing Tax Credit program. (Section 135.352)

This provision is similar to HB 1237 (2018) and to a provision contained in HB 1824 (2018) and SCS/SBs 285 & 17 (2017).

JOSHUA NORBERG