Preserving our state’s history and culture is vital to growing the economy and attracting talent. This program incentivizes developers to maintain the integrity of our historic buildings, giving them new life.
Notice: 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 20-19 signed November 19, 2020, this would result in an extension of 469 days including the three months, for impacted determinations.
Please contact DED at: email@example.com or 573-522-8004 if you have a question regarding the applicable waiver for your project.
Program Document Upload
Electronic Submission Guidelines
The FTP is a file system that allows you to send large documents that are too big to go through email. Sending documents through FTP can also help you save space in your inbox!
To upload a file, please click the following link and enter the username and password provided below:
Please begin file name (Notes) with project address - followed by document description.
Example: 123 Main Street – Final Application
Need help? Click here.
A notification email confirming receipt will be sent to the email address listed in the application within 3 business days.
The original Application and attachments should be mailed to the address below:
Department of Economic Development
PO Box 118
Jefferson City, MO 65102
For applicants that would like a third party CPA review on a particular project, please notify us at firstname.lastname@example.org. For a full listing of the requirements, please see Third Party CPA Requirements document.
Prior Rules and Guidelines
Historic Preservation Tax Credit Program: Regulation Updates Webinar
The webinar reviewed the new program guidelines and application, new rules and regulations filed with the Secretary of State, and scoring criteria.
Any taxpayer is eligible to participate in this program. Not-for-profit entities and government entities are ineligible. Any participation by not-for-profit entities, including but not limited to ownership interest, capital contributions, distribution of tax credits, incurrence or payment of rehabilitation expenses, lease to a tax-exempt entity, may result in the reduction of tax credits.
FY 21 Round 1 timeline:
Application Cycle Opens: April 1, 2020
Application Cycle Closes: April 30, 2020
Application Review Period: April 30, 2020 – June 30, 2020
Award Announcement: On or after July 1, 2020
FY 21 Round 1 Application Extension:
Application Cycle Extension Opens: May 1, 2020
Application Cycle Extension Closes: June 30, 2020
Application Review Period Extension: June 30, 2020 – August 31, 2020
Award Announcement Extension: Prior to October 1, 2020
FY 21 Round 2 timeline:
Application Cycle Opens: December 1, 2020
Application Cycle Closes: December 15, 2020
Application Review Period: December 15, 2020 – January 15, 2021
DED Application Review Determination: On or after January 15, 2021
Award Announcement: Upon SHPO Approval prior to June 15, 2021
Currently, there are applications in line in excess of the $90M state-wide cap for FY21 (July 1, 2020 – June 30, 2021). Once the $90M state-wide cap is exhausted allocations for the $30M Qualified Census Tract (QCT) cap will commence. Currently, there are applications in line in excess of $25M for the $30M QCT cap. The potential may exist that cap space may be available if the projects in line do not gain all necessary approvals to move forward to an authorization. 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.
For projects applying for both state and federal credits, SHPO advises 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. Following receipt of determination directly from the NPS office that the proposed scope of work is consistent with the standards of the Secretary of the United States Department of the Interior for Rehabilitation, SHPO will make a determination on state applications.
The provisions of both Preliminary Application and Guidelines and Final Application and Guidelines are effective for all incoming preliminary applications received by DED on or after the date the accompanying administrative rules, 4 CSR 85-5.010-.110, become effective – March 30, 2019.
Any application submitted to DED for consideration for the FY20 program cap will be subject to the new laws in effect on August 28, 2018. DED reserves the right to request additional applicant information necessary to conform with the new requirement and to evaluate that additional information prior to any authorization.