Governor Nixon's Tax Credit Review Commission Information

Build Green Scotty, Scotts Contracting www.stlouisrenewableenergy.com www.stlouisrenewableenergy.blogspot.com --- On Fri, 9/10/10, Michael Allen <michael.ross.allen@sbcglobal.net> wrote: From: Michael Allen <michael.ross.allen@sbcglobal.net>   ----- Forwarded Message ---- From: Coalition for Historic Preservation and Economic Sent: Fri, September 10, 2010 2:56:09 PM Subject: Governor Nixon's Tax Credit Review Commission Information Having trouble viewing this email? Click here Missouri Coalition for Historic Preservation and Economic Development September 10, 2010 Dear Michael,    Governor Nixon's Tax Credit Review Commission (TCRC) has begun it review of Missouri's tax credit programs. In addition to the full TCRC meeting which was held September 8, 2010 to debrief the Commission members on all of the tax credit programs, there are several smaller regional meetings to be scheduled throughout the State, at which time public testimony will be taken   The State Historic Tax Credit program is under scrutiny by the commission.  It is critically important at each of these public hearings for commission members to understand the great benefit to the state of the historic tax credit and that it is a false choice to say that education is hurt by the credit.  We know, in fact, property tax revenues increase, meaning local funds for education increase, when buildings are brought back to life.   The Missouri Coalition for Historic Preservation & Economic Development is urging you to attend the upcoming regional TCRC meetings to voice that making more cuts to the existing Historic Tax Credit Program will only reduce state revenues and kill more jobs, and that surrounding states are increasing their historic tax credit caps to create jobs.     If you cannot attend, we urge you to send each commission member an e-mail with your views and your own experience.  The list of Commission members is enclosed.  The Missouri Historic Tax Credit (HTC) program has been proven to provide an economic return to the state by:   ¯      Creating Jobs - Over 43,000 jobs over the life of the program,   ¯      Stimulates Private Investment - every $1 spent in Credits results in over $3 in private investment,   ¯      All of Missouri benefits from HTC's - it has been used in small towns and main street communities as well as larger cities,   ¯      HTC's generate revenue for the state, o        Four times the amount of credit must be spent before any credit is issued. Because credits are paid at the end of a project, Missouri receives revenue from sales taxes and payroll taxes before credits are issued.   ¯    The HTCis the only tax credit program to have been severely cut last year.  There is now in place a 25% reduction from last year's use by the cap imposed last year.     Please come out and help us show the Commission that the Missouri HTC program is working and is the model other states are using.  Hurting the HTC program would only hurt Missouri's future.   Updated information regarding the Tax Credit Review Commission schedule can be found on their web site, http://TCRC.Mo.Gov. Sincerely,   Missouri Coalition for Historic Preservation & Economic Development The Tax Credit Review Commission meeting dates and cities are as follows:   TCRC regional meeting in Kansas City Monday,  September 13th     Morning meeting 8:30 am - 10:00 am - Kansas City Chamber of Commerce  911 Main Street, #2600 Kansas City, MO 64105 Agenda    Morning meeting with Kansas City Dept. of Economic Development (time & place TBD)    TCRC Regional Meeting St. Joseph     Monday,  September 13th   3:00 p.m. - 6:00 p.m. & 7:00 p.m. - 10:00 p.m.    Stony Creek Inn 1201 North Woodbine Road St. Joseph, MO 64506 Phone: 816-901-9600 Agenda   TCRC Regional Meeting Joplin   Tuesday, September 14th 3:00 p.m. - 6:00 p.m. & 7:00 p.m. - 9:00 p.m. Billingsly Student Center Connor Ballroom, 3rd Floor Missouri Southern State University 2950 Newman Rd Joplin, MO 64801 Agenda   TCRC Regional Meeting Cape Girardeau    Monday, September 20th John and Betty Glenn Convocation Center Southeast Missouri State University, River Campus One University Plaza Cape Girardeau, MO 63701 3:00 p.m. - 9:00 p.m. Agenda      TCRC Regional Meeting St. Louis   Tuesday, September 21st Missouri Court of Appeals, Eastern District En Banc Courtroom One Post Office Square 815 Olive Street St. Louis, MO 63101 3:00 p.m. - 9:00 p.m. Agenda   A date for a final TCRC Regional Meeting in Columbia will be forthcoming, as well as agendas for each meeting. Please check the TCRC web site for further details - http://TCRC.mo.gov Click here for: Commission Member Email Contact Infomation e . __,_._,___