State Tax Credits

State tax Credits Overview

State tax credit incentives deliver powerful economic and social benefits all across the state. In addition to providing high quality, low-income housing to state residents, tax credits significantly boost economic growth, expand the state and local tax base, and create real jobs for tradesmen, contractors, and all businesses that serve and supply the construction industry. Such efforts improve state infrastructure, while simultaneously fostering community pride and good will. Tax credits revitalize run-down inner cities and under-utilized downtown areas, while providing needed housing in rural counties where affordable housing is scarce.

For many working families and retired seniors, affordable housing options enable them to improve their financial situations, while securing a safe and comfortable home. Tax credits are proven economy boosters. Even during downturns, tax credit incentives effectively “prime the economic pump,” and give citizens the opportunity to improve their community and their lives.

State Tax Credits

The basic premise of all LIHTC programs, whether state or federal, is to use tax credits as an enticement to encourage private developers to build high-quality, multi-family residential communities. Here’s how it works: High-quality developments are expensive to build and maintain, while charging rents at affordable levels. Tax credits ensure the high costs are not passed on to the resident. Instead, developers are awarded tax credits (basically a reduction in tax liabilities), which are purchased by equity investors. These tax credits help to reduce the investor's tax liabilities, offset the construction and maintenance costs and enable the developer to offer affordable rental rates to low-income households. It’s a win-win situation for everyone involved.

AEP can assist you in Evaluating Missouri and Georgia low-income housing tax credits

AEP can guide you through the regulatory requirements of LIHTC programs in states all across the country. In particular, our staff has extensive experience in Missouri and Georgia and can provide you with the general program evaluation or the total financial services consulting you need to identify, qualify for and benefit from these state tax credit programs.


Missouri State Tax Credits

AEP and its affiliates have been active with the Missouri Low-Income Housing Tax Credit (LIHTC) Program since its inception in 1990, and have been instrumental in the initial drafting of the Missouri LIHTC program.

The below references to Missouri State Statute further detail Missouri LIHTC legislation:

Missouri Revised State Statute 135.350

Missouri Revised State Statutes Chapter 135, Sections 135.352-135.363

For an expanded discussion of the Missouri Historic Tax Credit, please visit RESOURCES for more information.



Georgia State Tax Credits

The Georgia Low-Income Housing Tax Credit Program was initially created in 2000 and was modified in August 2001 O.C.G.A. § 48-7-29.6. AEP has been involved in Georgia since the initial introduction of the state tax credit and was instrumental in formulating the revisions to the statutes in 2001. These revisions simplified the program and made it more accessible to developers and investors alike.

The below references to Georgia State Statute further detail Georgia’s LIHTC legislation:

O.C.G.A. § 48-7-29.6
O.C.G.A. § 33-1-18

For an expanded discussion of the Georgia LIHTC Program, please visit RESOURCES for more information.

If you are an investor and wish to learn more, please contact:
Dan Torgerson
Director of Investor Relations
Email: dtorgerson@aepartners.com



Historic Tax Credits

In many areas, beautiful historic structures have been abandoned or under-utilized because of the cost of updating and maintaining the buildings' infrastructures. While many have lamented the gradual loss of our urban and architectural history, few have the resources to do anything about it. The Missouri Historic Rehabilitation Tax Credit was created in 1998 to incentivize rehabilitation of historic buildings and assist community redevelopment programs. The Georgia State Income Tax Credit Program for Rehabilitated Historic Property was created in 2002. The tax credits allow developers to offset the high costs of turning beautiful, but often-dilapidated, buildings and structures into vibrant working and living spaces.

These credits have allowed developers and investors to transform under-utilized and even abandoned structures into architecturally beautiful offices, apartments, commercial spaces, and homes that are also thoroughly modern. The Missouri and Georgia Historic Tax Credit Programs enable developers and investors to play a significant role in the redevelopment of urban areas, communities and neighborhoods. AEP and its affiliates have been working with the Historic Tax Credit Programs since their introduction in 1998 and 2002 respectively, and continues to be a strong advocate for neighborhood and community redevelopment and for the rehabilitation of historic buildings.

Discover how AEP can assist you in Evaluating Missouri and Georgia Historic Tax Credits

AEP can guide you through the regulatory requirements of historic tax credit programs in states all across the country. Our staff has extensive experience in Missouri and Georgia and can provide you with general program evaluation or the total financial consulting you need to identify, qualify for and benefit from these tax credit programs.

The below references to Missouri State Statute further detail Missouri’s Historic Tax Credit Program:

Missouri Revised Statute 253.550
Missouri Revised Statute 253.557
Missouri Revised Statute 253.559

The below references to Georgia State Statute further detail Georgia’s Historic Tax Credit Program:

Georgia State Income Tax Credit Program for Rehabilitated Historic Property
O.C.G.A. § 48-7-29.8

For an expanded discussion of the Missouri and Georgia Historic Tax Credit, please visit RESOURCES for more information.