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.
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.
Round 1 Application Now Available
Round 1 timeline:
Application Cycle Opens: June 3, 2019
Application Cycle Closes: July 31, 2019
Application Review Period: June 3, 2019 – September 30, 2019
Award Announcement: On or after July 1, 2019
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.
The FY19 HTC cap has been exhausted.
In the event that the department of economic development grants approval for tax credits equal to the total amount available under subsection 2 of section 253.550, or sufficient that when totaled with all other approvals, the amount available under subsection 2 of section 253.550 is exhausted, all taxpayers with applications then awaiting approval or thereafter submitted for approval shall be notified by the department of economic development that no additional approvals shall be granted during the fiscal year and shall be notified of the priority given to such taxpayer's application then awaiting approval. Such applications shall be kept on file by the department of economic development and shall be considered for approval for tax credits in the order established in section 253.559 in the event that additional credits become available due to the rescission of approvals or when a new fiscal year's allocation of credits becomes available for approval.
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.