The Big Break: A Missouri bank is largest buyer and seller of one Oklahoma tax credit
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The Big Break: A Missouri bank is largest buyer and seller of one Oklahoma tax credit

BRIANNA BAILEY |
June 13, 2019

Between 2012 and 2017, Commerce Bank acquired more than $22.2 million in Oklahoma historic rehabilitation tax credits.


Each year, one bank in Missouri buys and sells millions of dollars worth of Oklahoma tax credits intended to spark the restoration of historic buildings.

The credits are an attractive way for many businesses and wealthy individuals to offset their tax liability.

Kansas City, Mo.-based Commerce Bank is the largest buyer and seller of Historic Rehabilitation Tax Credits in Oklahoma.

The bank has acquired and re-sold the bulk of historic rehabilitation tax credits in the state over the past several years, according to The Frontier’s analysis of data from the Oklahoma Tax Commission.

Credit by - The Frontier

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