MO SB790

Imposes a moratorium on redemption of Missouri low-income housing tax credits authorized or issued under sections 135.350 to 135.363, effective immediately until after June 30, 2013.

Imposes a moratorium on redemption of historic rehabilitation tax credits authorized or issued under sections 253.550 to 253.559, effective immediately until after June 30, 2013.

Changes Missouri low-income housing tax credit authorization from mandatory ("shall") to discretionary ("may") for taxpayers owning interests in qualified Missouri projects.

Changes historic rehabilitation tax credit authorization from mandatory ("shall") to discretionary ("may") for taxpayers incurring rehabilitation costs on eligible historic properties.

Declares the act an emergency measure due to the need to ensure adequate state funding for necessary services, making it effective immediately upon passage and approval.