Historic Preservation Tax Credit Program (HTC)

Beginning July 1, 2024, the HTC program will operate on an open-cycle.  Applications for projects of any size may be submitted at any time using Submittable.  

 

Updated HTC Guidelines and checklists posted below.  

Description

Purpose: 
  • To provide an incentive for the rehabilitation of commercial and residential historic structures in the state of Missouri. 
Incentive: 
  • A state tax credit equal to 25% of the total qualified rehabilitation expenditures (QREs) for the eligible property. 
  • State tax credits can be carried back as far as 3 years, and has a carry forward of 10 years. 
  • This tax credit can also be applied to:
    • Chapter 143 – Income tax, excluding withholding tax
    • Chapter 148
    • Bank Tax
    • Insurance Premium Tax
    • Other Financial Institution Tax

Do I Qualify?

Eligible Properties: 
  • The property must be a certified historic structure.  
  • Total Qualifying Rehabilitation Expenses (QRE's) must exceed 50% of the total basis in the property (the amount paid for the property at the time of acquisition).  
Eligible Applicants: 
  • To be eligible for the program, an applicant must be a person, firm, partnership, trust, estate, limited liability company, or corporation. 
  • Not-for-profit entities and government entities are ineligible. 
  • Any participation by not-for-profit entities may result in the reduction of tax credits, 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

How Do I Apply?

Preliminary Application: 
  • Starting July 1, 2024, applicants may submit their Preliminary Application at any time via Submittable for projects of any size.  
Amendments, Final Applications, Excess Credit Requests:

Need Help?

DED Contact:  
Scope of Work Questions?
  • Please reach out to the State Historic Preservation Office (SHPO) at 573-751-7858.
  • Visit the SHPO HTC Webpage for more information about the SHPO application process.
Related Links:  

Documents

HTC Program Summary
HTC Program Guidelines
HTC - Frequently Asked Questions (FAQ's)
HTC - Large Project Preliminary Application Scoring Guide
Form 1 Part 1B
Exhibit 1
Exhibit 2 - Average Wage for Estimated New Job Creation
HTC Vacancy Table
HTC E-Verify Affidavit
HTC - Applicant Certification
HTC Developer Fee Agreement
Property Lookup
Applicant Final Approval Certification Form
QRE and NQRE List
HTC - Cost Certification Spreadsheet
HTC - Independent Accountants' Report Template
HTC - SHPO Photo Instructions
HTC - SHPO Tips on the HTC Program
HTC - Amendment Form
HTC - Instructions for Submitting an Amendment, Final Application, or an Excess Tax Credit Request Form
HTC - Local Fiscal Impact Template
HTC - Preliminary Application Checklist
HTC Final Application Checklist
HTC Excess Credits Checklist
Document Guide

The following Document Guide is to help organize the various HTC documents according to each phase in the application process.  If there are any questions please reach out to us at htc@ded.mo.gov or 573-522-8004.  We are happy to help! 

General: 

Preliminary Application:

Amendment(s): 

Final Application: 

Cost Certification: 

Excess Tax Credits: 

Amendment Guide

Do you need to update some details about your project with the DED and/or SHPO office?  If so, please follow the guidance below.   

 

State and Federal HTC Projects 

Federal HTC Amendments:  

  • Please follow the NPS Electronic Submission of Certification Applications instructions to submit your Federal HTC Amendment(s) directly to the SHPO office.  
  • SHPO will notify DED of any non scope of work changes.  
  • You will not be required to upload a duplicate copy into Submittable for the State HTC side.  

 

State HTC Projects

State HTC Amendments for scope-of-work changes:

Any non scope-of-work changes (ex. changes to applicant info, project contact info, etc.):

  • No formal State HTC Amendment will be required for these types of changes.  
  • Please email us at htc@ded.mo.gov to report any of these changes and we will also notify the SHPO office. 
  • You will not be required to upload anything into Submittable for these types of changes.  

 

If there are any questions please reach out to us at htc@ded.mo.gov or 573-522-8004.  

Historic Tax Credit Program Improvements

The Missouri Department of Economic Development (DED) and the State Historic Preservation Office (SHPO) held an Improvement Town Hall on June 20, 2024 to discuss important changes to the program.  

Please see the recording and presentation slides below for more details and reach out to us at htc@ded.mo.gov or 573-522-8004 with any questions.  

Cap Increase
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.
  • Please note that all funding for FY2022 expired at 5:00 pm on Friday, June 30, 2023.
For FY24
  • 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

2024 HTC Rules

Guidelines

HTC - Program Guidelines  

Prior Rules and Guidelines
Prior Rules

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

2019 HTC Rules

2014 HTC Rules

Prior Guidelines

2022 Preliminary Guidelines

2019 Final Guidelines

2014 Preliminary Guidelines

2009 Final Guidelines

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.
Training Videos