Mo. Code Regs. Ann. tit. 4, § 85-5.050
Preliminary Application Evaluation—Level of Economic Distress
Effective Nov 30, 2019section 135.487, RSMo 2016, and section 620.010, RSMo Supp. 2019.* Emergency rule filed March 20, 2019, effective March 30, 2019, expired Dec. 31, 2019. Original rule filed March 20, 2019, effective Nov. 30, 2019. *Original authority: 135.487, RSMo 1999 and 620.010, RSMo 1971, 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)(c), RSMo.
(1) For purposes of evaluating a preliminary application for tax credits pursuant to section 253.559.3(1)(c), RSMo, the department shall evaluate the following criteria:
- (A) The project census tract’s designation as a federal opportunity zone;
- (B) The project census tract’s designation as a qualified census tract, as defined in section 253.545(7), RSMo;
- (C) The project census tract’s level of unemployment, as compared to the statewide level of unemployment;
- (D) The project census tract’s overall poverty rate, as determined pursuant to section 253.545(7), RSMo; and
- (E) The project’s vacancy or underutilization prior to rehabilitation.
AUTHORITY: section 135.487, RSMo 2016, and section 620.010, RSMo Supp. 2019.* Emergency rule filed March 20, 2019, effective March 30, 2019, expired Dec. 31, 2019. Original rule filed March 20, 2019, effective Nov. 30, 2019. *Original authority: 135.487, RSMo 1999 and 620.010, RSMo 1971, amended 1981, 1983, 1986, 1989, 1990, 1993, 1994, 1995, 1999, 2001, 2007, 2008, 2010, 2014, 2019.