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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