Advertisements

The St Louis Contrarian

Providing Independent and Intelligent Insight on St. Louis Public Policy Issues

Historic Tax Credits for Residential Use

The St. Louis Business Journal had a poll today which appeared critical of State Historic Tax Credits being used on residential properties. These credits are part of the state program which is used primarily on apartments and commercial buildings.

If used properly, the credits can help rejuvenate historic neighborhoods and preserve housing. The criticism seems to be that sometimes people who use these credits don’t need them. A simple solution would be to means test the program so that only households who need the credits will use them. Written by Paul Dribin

Advertisements

Single Post Navigation

One thought on “Historic Tax Credits for Residential Use

  1. Bob Miller on said:

    You can use W-2 or AGI for a household. But people could just hide behind an LLC. Then the people for whom the dollars matter create the LLCs and people can argue you just added more red tape to the process without changing anything?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: