Income Tax Credits

At BWTP P.C. we offer two types of tax credits (Historic Preservation Credits (HPC) and Low Income Housing Tax Credits (LIHTC) that allow you to pay the Missouri state tax owed at a reduced rate.

The LIHTC program was enacted by Congress in 1986 to provide the private market with an incentive to invest in affordable rental housing.  LIHTCs are transferable and can be carried back three years and carried forward five years.

Missouri’s HPC program was enacted by Congress in 1998 to provide an incentive for the redevelopment of commercial and residential historic structures in Missouri.  HPCs are transferable and can be carried back three years and carried forward ten years.

We have set a minimum tax credit purchase of $10,000; however, they can be purchased in any denomination greater than $10,000.