PURPOSE: This rule clarifies the issuance requirements for Historic Preservation Tax Credit certificates.

1. (1) A tax credit certificate issued following the final completion of a project, and submission to the department of a complete final application or an excess tax credits application, shall be in an amount no greater than those costs that are Qualified Rehabilitations Expenditures (QREs), and shall only be issued after the department confirms compliance with all other provisions of law, including but not limited to—

   1. (A) Payment of any issuance fees under section 620.1900, RSMo, or similar provisions;
   2. (B) Payment of any back taxes and penalties under section 135.815, RSMo, or similar provisions; and
   3. (C) Compliance with section 285.530, RSMo, with regard to employment of unauthorized aliens.

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.