Historic Preservation Tax Credit Program (HTC)

The Historic Preservation Tax Credit (HTC) Program open cycle will launch on Monday, October 7, 2024, at 8 a.m. via Submittable. The cycle will reflect legislative updates that took effect on August 28, 2024.

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 Qualified Rehabilitation Expenditures (QREs) of approved historic structures or 35% of QREs if the property is located outside Kansas City or St. Louis City and does not receive or intend to receive Low-Income Housing Tax Credits.
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, not-for-profit, or corporation.
Government entities are ineligible.

How Do I Apply?

Preliminary Application:

Starting October 7, 2024, applicants may submit their Preliminary Application at any time via Submittable for projects of any size.

Amendments, Final Applications, Excess Credit Requests:

Starting October 7, 2024, applicants needing to submit additional forms for their project may do so any time via Submittable. Please follow the HTC - Instructions for Submitting an Amendment, Final Application, or an Excess Tax Credit Request Form to submit these forms through Submittable.

Need Help?

DED Contact:

Email us at htc@ded.mo.gov or call 573-522-8004, if you need any help.
Please check out our HTC - Frequently Asked Questions (FAQ's) for answers to some common program questions.
Please check out the new "Document Guide" and "Amendment Guide" below.

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.

Documents

HTC Program Summary

HTC Program Guidelines as of 8-28-24

HTC - Frequently Asked Questions (FAQ's)

HTC - Instructions for Submitting an Amendment, Final Application, or an Excess Tax Credit Request Form

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!

Preliminary Application:

HTC - Preliminary Application Checklist as of 7/1/2024
Form 1 Part 1B (State-only projects)
Exhibit 2 - Average Wage for Estimated New Job Creation (Large projects only)
HTC E-Verify Affidavit (Business applicants only)
HTC Developer Fee Agreement (if applicable)
Exhibit 1 (Large projects only)
HTC - Large Project Scoring Guide (Large projects only)
Property Lookup (Large projects only)
HTC Vacancy Table (Large projects only)
Applicant Preliminary Certification Form

Amendment(s):

HTC - Amendment Form

Final Application:

Cost Certification:

QRE and NQRE List
HTC - Cost Certification Spreadsheet
HTC - Independent Accountants' Report Template (if applicable)

Excess Tax Credits:

SHPO Information

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:

If requested directly by the SHPO office, they will send an email which will contain a direct link to the Submittable Amendment Form.
If not requested by the SHPO office (initiated by the applicant), please follow the HTC - Instructions for Submitting an Amendment, Final Application, or an Excess Tax Credit Request Form.

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.