As used in sections 253.545 to 253.559, the following terms mean, unless the context requires otherwise:

1. (1) "Certified historic structure", a property located in Missouri and listed individually on the National Register of Historic Places;
2. (2) "Deed in lieu of foreclosure or voluntary conveyance", a transfer of title from a borrower to the lender to satisfy the mortgage debt and avoid foreclosure;
3. (3) "Eligible property", property located in Missouri and offered or used for residential or business purposes;
4. (4) "Leasehold interest", a lease in an eligible property for a term of not less than thirty years;
5. (5) "Principal", a managing partner, general partner, or president of a taxpayer;
6. (6) "Structure in a certified historic district", a structure located in Missouri which is certified by the department of natural resources as contributing to the historic significance of a certified historic district listed on the National Register of Historic Places, or a local district that has been certified by the United States Department of the Interior;
7. (7) "Taxpayer", any person, firm, partnership, trust, estate, limited liability company, or corporation.

(L. 1997 2d Ex. Sess. S.B. 1, A.L. 2009 H.B. 191)

Effective 6-04-09