Historic Preservation Tax Credit Program

Preserving our state’s history and culture is vital to growing the economy and attracting talent.

The Historic Preservation Tax Credit Program incentivizes developers to maintain the integrity of Missouri historic buildings by giving them new life.

When Can I Apply?

Project Size Time Period
Requesting $275K or more in tax credits Must apply during an Application Cycle (see below).
Requesting less than $275K in tax credits Can apply all year.
Fiscal Year 2023 Application Cycles

Fiscal Year 2023 Application Cycles:

  Round 1
Cycle Opens July 1, 2022 8:00am
Cycle Closes July 31, 2022 5:00pm
Review Period August 1, 2022 – September 30, 2022
Review Determination Starting October 1, 2022
Award Announcement Upon SHPO Approval
  Round 2
Cycle Opens December 1, 2022 8:00am
Cycle Closes December 31 2022, 5:00pm
Review Period January 1, 2023 - February 28, 2023
Review Determination Starting March 1, 2023
Award Announcement Upon SHPO Approval
  • This publication serves as notice for the Fiscal Year 2023 application cycles pursuant to 4 CSR 85-5.020 (4) (A). Once the $90M state-wide cap is exhausted allocations for the $30M Qualified Census Tract (QCT) cap will commence.
  • A Tier 1 preliminary application that has been received by the department, but has not been approved due to an exhaustion of the program cap, will be placed in line for review until there is sufficient program cap space due to a rescission of authorized tax credits for such state fiscal year in which the program cap has been exhausted or until the next state fiscal year with sufficient program cap space.
  • Tier 2 and Tier 3 preliminary applications that have been received by the department, but have not been approved due to an exhaustion of the program cap, will not be further considered.
Want to Apply?

Applicants must submit a preliminary application and accompanying materials to DED prior to starting a rehabilitation project. 

  • The amount of tax credits requested for the project determines what must be submitted to DED for the preliminary approval process, in addition to the availability of tax credits and the submission timelines. 
  • After determining the amount of tax credits that will be requested (25% of anticipated total qualified rehabilitation expenditures) please use the applicable list below for the documents that must be submitted to DED.
  • For projects applying for both State and Federal historic tax credits, the State Historic Preservation Office (SHPO) advises that two complete copies of the federal application be submitted as soon as possible directly to the SHPO.  Submitting the federal application as early as possible provides opportunity for the SHPO to verify that a property is a certified historic structure and begin review of the scope of work while DED completes scoring for a round. 

 

Submit Forms Electronically


Relevant Documents

Additional Documents: $275K or more in requested tax credits

Need to Amend Your Project?

Under certain circumstances, revisions to the project are necessary prior to starting the work, during the rehabilitation, or even after completion of the rehabilitation.  Various factors can affect the eligibility of the project; therefore, an amendment request must be submitted to DED as soon as a revision is necessary (see program guidelines for more details).

Submit Forms Electronically

Instructional Videos

Amendment Process

Need to Submit Proof of Financial Commitment, Incurrence of Expenses, Developer Fee Agreement?

Proof of Financial Commitment

  • An applicant receiving preliminary approval on or after July 1, 2019, must submit evidence demonstrating the capacity to finance the expenses for rehabilitation within 60 days following the date of the preliminary approval letter. Proof can be in the form of a letter of commitment or a line of credit.
  • Notes: 
    • This can be submitted as part of the preliminary application (regardless of project size).  
    • This is part of the scorecard section for projects requesting $275K or more in tax credits.  

Incurrence of Expenses

  • An applicant receiving preliminary approval from DED on or after August 28, 2018, must begin physical work on its project and incur no less than 10% of the estimated costs of rehabilitation within nine months of the date of the preliminary approval letter.

Developer Fee Agreement

  • The developer fee agreement, in the form prescribed by DED, must be submitted to DED at the initial application, if executed and notarized at or prior to that date, but no later than the last to occur of:
    • (1) initial closing on construction financing or
    • (2) initial closing on federal historic credit equity, if applicable.
  • If no developer fee agreement has been submitted for review by the last to occur of these dates, no developer fee will be deemed eligible as a QRE

To Submit

  1. Use the 60 Day – 10% Calculator to determine the applicable due dates for your project. 
    • Please also refer to the "HTC Waiver" section below to learn a little more about prior extensions that have been granted.  
  2. Please email documents to redevelopment@ded.mo.gov or reach out to us with any questions.  
Finished with Your Project?

Final Application Process Improvements

The Final Application process has been streamlined with the help of external CPAs who review HTC projects. Applicants must submit a final application and accompanying materials to DED after completing a rehabilitation project in order to receive tax credits. 

  • Applicants must submit a Cost Certification Form (Excel) and accompanying materials to DED in order to verify the eligibility of the project costs. It is highly recommended to use the Cost Certification Form (Excel) template above to submit cost information.  Using the new template has the following benefits:
    • No need to send in payment documentation (copies of bank statements, cancelled checks, invoices, receipts to DED.  *DED reserves the right to request documentation for any expense.
    • Allows DED to review the cost information more efficiently which will help to get your credits out much faster.  
  • All projects regardless of size require an Independent Accountants' Report to be completed by a CPA licensed in the state of Missouri.

How to Submit the Form?  

  • If you submitted your Preliminary Application using Submittable, you should have received the Final Application form within the submission.  The very last field on this form will be used to send the CPA a copy of the Cost Certification form via Submittable. 
  • If you have not submitted your Preliminary Application using Submittable, please use the following link and complete the 'Existing Projects' form.

 

Submit Forms Electronically

 

Relevant Documents

Final Application Checklist

QRE & NQRE List

Cost Certification Excel Form

Applicant Final Approval Certification Form

Independent Accountants' Report

Cap Calculator

 

Instructional Videos

Existing Project Request Form

Cost Certification Form

Eligible for Excess Credits?

If the amount of eligible rehabilitation costs and expenses incurred by an applicant would result in the issuance of an amount of tax credits in excess of the preliminary approval amount, such taxpayer may apply to DED for issuance of tax credits in an amount equal to such excess using the Excess Tax Credit Request Form

The amount of tax credits requested under the preliminary application determines the availability of tax credits and the submission timelines (see program guidelines for more details).

How to Submit the Form?  

  • If you submitted your Preliminary Application using Submittable, you should have received the Excess Tax Credit Request form within the submission.
  • If you have not submitted your Preliminary Application using Submittable, please use the following link and complete the 'Existing Projects' form.

 

Submit Forms Electronically

 

Relevant Documents

Missouri Transfer Form

Have Questions?

If you have questions or need help, please contact us at:

Missouri Department of Economic Development
301 West High Street, Room 770
P.O. Box 118
Jefferson City, MO 65102

Phone: (573) 522-8004
Fax: (573) 522-9462
Email: redevelopment@ded.mo.gov

 

Relevant Documents

Frequently Asked Questions

Notices

Training Workshops

Workshops:

DED recently held three virtual workshops that covered how to use Submittable to submit forms during the various stages of an HTC project.  Please check out the list below which provides recordings of the various workshops.  

Workshop Video Recordings:  

Cap Increase

For FY22:

  • The cap was increased by $14,378,270.19 on June 29, 2022.
  • Please note all funding for FY2022 expired at 5:00 pm on Thursday, June 30, 2022.

For FY23:

  • The $90M HTC Cap was increased by $14,378,270.19 on June 29, 2022, making a total Cap for all projects of $104,378,270.19.
Program Laws, Rules, & Guidelines

Authorization

Sections 253.545 to 253.559, RSMo

Rules

HTC Program Rules

Guidelines

2022 Guidelines

Third Party CPA Review

For applicants that would like a third party CPA review on a particular project, please notify us at redevelopment@ded.mo.gov

For a full listing of the requirements, please see Third Party CPA Requirements document.

Prior Rules, Guidelines, and Application Cycles

Prior Rules

Click here for details on which rules apply to your project.

2014 HTC Rules

 

Prior Guidelines

2019 Final Guidelines

2014 Preliminary Guidelines

2009 Final Guidelines

 

Prior Application Cycles

 

FY 22 Round 1 Timeline:

Application Cycle Opens: July 1, 2021

Application Cycle Closes: July 30, 2021

Application Review Period: August 1, 2021 – September 30, 2021

DED Application Review Determination: Starting October 1, 2021

Award Announcement: Upon SHPO Approval

 

FY 22 Round 2 Timeline:

Application Cycle Opens: December 1, 2021 8:00am

Application Cycle Closes: December 31, 2021 5:00pm

Application Review Period: January 1, 2022 – February 28, 2022

DED Application Review Determination: Starting March 1, 2022

Award Announcement: Upon SHPO Approval

HTC Waiver

Pursuant to Executive Order 20-04 (EO 20-04) issued by Governor Parson, the Department of Economic Development (DED) has received a waiver granting it permission in the interest of public health and safety to temporarily suspend certain statutory requirements relating to the Historic Preservation Tax Credit during the COVID-19 emergency and subsequent recovery period. 

In particular, the following deadlines from subsections of § 253.559 RSMo, have been temporarily suspended:

§ 253.559.7 RSMo - Applicants that receive preliminary approval from DED on or after July 1, 2019 shall submit evidence demonstrating the capacity to finance the expenses for rehabilitation within sixty (60) days following the date of preliminary approval letter. § 253.559.8 RSMo - Applicants that receive preliminary approval from DED shall begin physical work on their project and incur no less than ten percent (10%) of the estimated costs of rehabilitation within nine months [or two years, for projects authorized prior to August 28, 2018] of the date of DED’s issuance of the preliminary approval letter.

Under the temporary suspension, DED will suspend its determinations in the quoted statutory provisions for a period equal to the duration of the effective period of EO 20-04, including any extensions, in addition to three months. With the current extension that is in place as a result of Executive Order 21-09 signed August 27, 2021, this would result in an extension of 743 days including the three months, for impacted determinations.

 

Please use the 60 Day – 10% Calculator to determine the applicable due dates for your project. 

To calculate these dates: 

  • Use the dropdown selector in cell A2 to select when the Preliminary Application was received by DED. 
  • Enter the date of the DED approval letter in Cell B2.  This will auto populate a “New” due date for the 60 day financing requirement in cell D2 and one for the 10% incurrence requirement in cell F2.
  • Please contact DED at: redevelopment@ded.mo.gov or 573-522-8004 if you have a question regarding the applicable waiver for your project.