MO SB634

Establishes a tax credit for single-family detached homes and multi-family attached homes built to green building standards beginning January 1, 2011, with credits ranging from $0.45 to $1.15 per square foot depending on certification level.

Credit amounts vary by standard: $0.45/sq ft for NAHB Bronze or LEED-H Certified; $0.65/sq ft for NAHB Silver or LEED-H Silver; $0.90/sq ft for NAHB Gold or LEED-H Gold; $1.15/sq ft for NAHB Emerald or LEED-H Platinum.

Tax credits cannot exceed the taxpayer's state tax liability for the year claimed and are non-refundable but may be carried back or forward to other years; credits may be transferred, sold, or assigned.

Annual cap of $2 million in tax credits issued on a first-to-file, first-to-receive basis; homes must be verified or certified by third-party verifiers and documentation must be submitted to the Department of Revenue.

Program automatically sunsets December 31, 2015 unless reauthorized by the legislature, with a secondary sunset of December 31, 2027 if reauthorized.