As the latest legislative session churned toward its finish late Friday, lawmakers passed the Capitol Complex Tax Credit.
The bill now awaits the governor's signature.
Identical bills offered by Sen. Mike Bernskoetter and Rep. Dave Griffith, both Jefferson City Republicans, were offered.
The passed bill, Senate Bill 36, creates a means to help fund preservation of five historic state-owned buildings in downtown Jefferson City. The Missouri state Capitol, Missouri Supreme Court building at 207 W. High St., and Missouri Governor's Mansion at 100 Madison St. remain in use for their original purposes. The Missouri Department of Transportation Central Office building, at 105 Capitol Ave., and the Old Federal Courthouse, at 131 W. High St., are also included in the complex.
The bill creates a tax credit for donations to help preserve and maintain the buildings.
It also creates Capitol Complex Fund accounts to receive monetary donations, an account for rehabilitation and renovation, and the other for maintenance.
Tax credits are capped at $10 million annually, with revenue exceeding that qualifying for tax credits the following year. In the event of more than $10 million being donated during any given year, donors may ask for their donations back.
The fund sunsets after six years.