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 Application Evaluation-Level of Economic Distress

Current through Register Vol. 49, No. 6, March 15, 2024

(1) For purposes of evaluating a preliminary application for 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, as defined in section 253.545(7), RSMo;

(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; and

(E) The project's vacancy or underutilization prior to rehabilitation.

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