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.
 

FY 2024 Round 1 Application Cycle

The FY 2024 Round 1 application cycle for the Historic Preservation Tax Credit Program will go live via Submittable at 8:00 a.m. on Monday, July 10, 2023, and will end at 5:00 p.m. on Thursday, August 10, 2023.
 

Historic Tax Credit Program Improvements and Survey - 2023

The Department of Economic Development (DED) and Department of Natural Resources (DNR) are requesting public feedback on their proposed changes to the Historic Tax Credit (HTC) Program.

The Public Input Survey is open now, and you may provide input until 5:00 p.m. on March 17, 2023. Feedback will assist DED and DNR in finalizing changes to the program to reduce application cycle times and increase customer satisfaction.
 

Improvement Town Hall - March 8, 2023

• Presentation Slides
• Draft Rules
• Draft Recommendations
   

When Can I Apply?

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

• Preliminary Application Checklist
• Program Guidelines
• Exhibit 2 - Average Wage for Estimated New Job Creation
• Enrollment in Federal Work Authorization Program Sworn Affidavit
• Developer Fee Agreement
• SOI Standards
• Applicant Certification (Optional)

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

• Application Scoring Guide and Scorecard
• Exhibit 1 – Financing Committed
• Property Lookup
• HTC Vacancy Table

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