The Neighborhood Preservation Act is a State Tax Credit program to encourage reinvestment in older neighborhoods. The program will provide tax credits to offset part of the cost of investment in repair or construction of owner-occupied housing in moderate income neighborhoods throughout Missouri. Taxpayers may apply for credits beginning in January 1, 2000.
Eligibility is based on the location of the property.
The income of the taxpayer is not a factor. Neighborhoods are assigned eligibility based on Median Household Income from the most recent decennial Census. Eligibility definitions will change after the 2000 census data is available. Eligibility definitions will change after the 2000 census data is available. The entire City of St. Louis qualifies at this level.