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Branch Locations near you~

Florissant 1250 Graham RoadFlorissant, MO 63031 Fax: (314) 972-8275

Dellwood 10024 West Florissant Ave.St. Louis, MO 63136Fax: (314)388-4080

Richmond Heights 1436 So. Big Bend Blvd.Richmond Heights, MO 63117Fax: (314) 645-4306

South City 7224 Gravois Ave.St. Louis, MO 63116Fax: (314) 481-6797

Jennings 7345 West Florissant Ave. St. Louis, MO 63136 Fax: (314) 381-9221

Southtown 4435 Chippewa St.St. Louis, MO 63116Fax: (314) 771-3438

Midtown 3651 Forest Park Ave. St. Louis, MO 63108 Fax: (314) 533-5996

University City 7350 Olive Blvd. St. Louis, MO 63130Fax: (314) 721-4424

What does Jeff Smith’s resignation mean for Historic Tax Credits?

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What does Jeff Smith’s resignation mean for Historic Tax Credits?
By Tim Logan
St. Louis Post-Dispatch
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What will the resignation of state Sen. Jeff Smith mean for Missouri’s Historic Tax Credits program?

Clearly, it’s too soon to know for sure. A special election will be held to fill his seat
Nov. 3, and the credits program was just renegotiated in the spring.

But Historic Tax Credits, which has driven an estimated $4 billion in rehabs across Missouri in the last decade and is credited as a major factor in reviving downtown St. Louis, has been a constant target for state budget-cutters. And it just lost perhaps its fiercest advocate in the Legislature.

Smith represented much of the western half of St. Louis City, including some neighborhoods that have benefited mightily through historic rehabs in recent years. His was a key voice in this spring’s negotiations, when some rural lawmakers tried to curtail the program over concerns that it has become too costly.

Smith threatened filibusters and told whomever would listen about the importance of the program to job creation and the revitalization of St. Louis. Here he is talking about the value of Historic Tax Credits in a video produced in April by St. Louis Alderman Antonio French.
In the end, lawmakers agreed to cap the credits at $140 million, with an exemption for the smaller projects that make up the bulk of the buildings restored through the program - a measure Smith pushed for.

And in a statement yesterday, Smith listed protecting the credits among the proudest accomplishments of his brief tenure.
The tax credits have other backers in Jefferson City, and a strong lobby of developers and urban leaders who support them. But it’s unclear who will take the reins in the Legislature if there’s a move again next year to cut them further.

Original Post: http://www.stltoday.com/blogzone/building-blocks/residential-real-estate/2009/08/what-does-jeff-smiths-resignation-mean-for-historic-tax-credits/

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Tax Credits make Homebuying a Great Option!

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Due to recent changes in the tax code, homebuyers are finding it is a wonderful time for becoming homeowners. Housing is more affordable than it has been for several years, and the tax incentive for up to $8000 has assisted in making the prospect of ownership more attainable than ever before.





The Realtor Agents at SaleAbration Realty are available to asssist you in every aspect of your next home purchase. If you have credit issues, they can get you on track~ and help you find the perfect place to call home.





Contact us today, info@saleabrationrealty.com
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Temeshia Qualls, Owner/Broker
314-565-4578

SaleAbrationRealty.com is launching soon!

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Saleabration Realty or St. Louis will soon be online to serve its clients better~

We are hard at work, and will be launching the new domain very soon. Stop by, as we
are getting the place ready for the clients of SaleAbration Realty.

Temeshia Qualls
Owner/Broker

Saleabration Realty
Florrisant, MO 63033
314-565-4578
Fax to: 314-830-4578
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