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 85-5.050 - Preliminary and Excess Tax Credits Application Evaluation-Level of Economic Distress
Universal Citation: 4 MO Code of State Regs 85-5.050
Current through Register Vol. 49, No. 6, March 15, 2024
PURPOSE: This proposed amendment clarifies which applications require a level of economic distress evaluation and adds inclusion in an enhanced enterprise zone as a basis for receiving a higher score.
(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)(c), RSMo, the department shall evaluate the following criteria:
(A) The project census
tract's designation as a federal opportunity zone;
(B) The project census tract's designation as
a qualified census tract;
(C) The
project census tract's level of unemployment, as compared to the statewide
level of unemployment;
(D) The
project census tract's overall poverty rate, as determined pursuant to section
253.545(7),
RSMo;
(E) The project census
tract's inclusion in an enhanced enterprise zone established under sections
135.950 to
135.973, RSMo; and
(F) The project's vacancy or
underutilization prior to rehabilitation.
Disclaimer: These regulations may not be the most recent version. Missouri may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
