Mo. Code Regs. Ann. tit. 4, § 85-5.040
Preliminary and Excess Tax Credits Application Evaluation—Overall Size and Quality of the Project
Effective Mar 30, 2024section 135.487, RSMo 2016, and sections 135.802 and 620.010, RSMo Supp. 2023.* Emergency rule filed March 20, 2019, effective March 30, 2019, expired Dec. 31, 2019. Original rule filed March 20, 2019, effective Nov. 30, 2019. Amended: Filed July 31, 2023, effective March 30, 2024. *Original authority: 135.487, RSMo 1999; 135.802, RSMo 2004, amended 2009, 2022; and 620.010, RSMo 1973, amended 1981, 1983, 1986, 1989, 1990, 1993, 1994, 1995, 1999, 2001, 2007, 2008, 2010, 2014, 2019Division of Business and Community Services
PURPOSE: This rule clarifies the application considerations set forth in section 253.559.3(1)(b), RSMo.
(1) For purposes of evaluating a preliminary application for authorization of tax credits and an excess tax credits application for issuance of tax credits pursuant to section 253.559.3(1)(b), RSMo, the department shall evaluate the following criteria:
- (A) Leveraged investment ratio, as determined by the total project investment divided by the amount of tax credits requested;
- (B) The number of net new jobs to the state to be created by the project;
- (C) The average wage for new jobs to be created by the project;
- (D) Potential multiplier effect of the project, based on the project’s industry type (e.g., manufacturing office facilities, residential); and
- (E) The amount of overall project financing for which the applicant has secured firm commitments prior to submitting its preliminary application or excess tax credits application to the department.
AUTHORITY: section 135.487, RSMo 2016, and sections 135.802 and 620.010, RSMo Supp. 2023.* Emergency rule filed March 20, 2019, effective March 30, 2019, expired Dec. 31, 2019. Original rule filed March 20, 2019, effective Nov. 30, 2019. Amended: Filed July 31, 2023, effective March 30, 2024. *Original authority: 135.487, RSMo 1999; 135.802, RSMo 2004, amended 2009, 2022; and 620.010, RSMo 1973, amended 1981, 1983, 1986, 1989, 1990, 1993, 1994, 1995, 1999, 2001, 2007, 2008, 2010, 2014, 2019.