Mo. Code Regs. tit. 4 § 85-5.060

Current through Register Vol. 49, No. 24, December 16, 2024

Section 4 CSR 85-5.060 - Preliminary and Excess Tax Credits Application Evaluation-Input from Local Elected Officials

PURPOSE: This proposed amendment clarifies which applications require a letter of support from local officials and when a letter from the president of the board of aldermen in the City of St. Louis must be included.

(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)(d), RSMo, the department shall evaluate the following criteria:

(A) Committed amount of local incentives to the project; and

(B) Signed letters of support for the project from the local elected officials in the local municipality in which the project is located. For any project in any city not within a county, an applicant shall also include a letter of support from the president of the board of aldermen, if one can be obtained.

4 CSR 85-5.060

Adopted by Missouri Register May 1, 2019/Volume 44, Number 9, effective 3/30/2019

Amended by Missouri Register October 1, 2019/Volume 44, Number 19, effective 11/30/2019

Amended by Missouri Register February 1, 2024/volume 49, Number 03, effective 3/31/2024.