Missouri Code of State Regulations
Title 4 - Department of Economic Development
Division 85 - Division of Business and Community
Chapter 5 - Historic Preservation Tax Credit Program
Section 4 CSR 85-5.040 - Preliminary and Excess Tax Credits Application Evaluation-Overall Size and Quality of the Project
Universal Citation: 4 MO Code of State Regs 85-5.040
Current through Register Vol. 49, No. 6, March 15, 2024
PURPOSE: This proposed amendment clarifies which applications are evaluated for overall size and quality.
(1) For purposes of evaluating a preliminary application for authorization of tax credits and an excess tax credits application for issuance of tax credits pursuant to section 253.559.3(1)(b), RSMo, the department shall evaluate the following criteria:
(A) Leveraged investment
ratio, as determined by the total project investment divided by the amount of
tax credits requested;
(B) The
number of net new jobs to the state to be created by the project;
(C) The average wage for new jobs to be
created by the project;
(D)
Potential multiplier effect of the project, based on the project's industry
type (e.g., manufacturing office facilities, residential); and
(E) The amount of overall project financing
for which the applicant has secured firm commitments prior to submitting its
preliminary application or excess tax credits application to the
department.
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