MO HB2531

Creates a 25% tax credit for converting office buildings at least 25 years old into predominantly residential use (more than 50% residential), effective January 1, 2027

Provides a higher 30% tax credit for upper floor housing projects located in qualified Missouri Main Street districts

Caps total annual tax credits at $50 million, with 50% reserved for large structures over 750,000 gross square feet and 25% reserved for Main Street district upper floor housing projects

Tax credits may be transferred, sold, or assigned multiple times, and unused credits can be carried back 3 years or forward 10 years

Program automatically sunsets December 31, 2034, unless reauthorized by the General Assembly