Mo. Code Regs. tit. 4 § 85-5.040
Current through Register Vol. 49, No. 24, December 16, 2024
Section 4 CSR 85-5.040 - Preliminary and Excess Tax Credits Application Evaluation-Overall Size and Quality of the ProjectPURPOSE: This proposed amendment clarifies which applications are evaluated for overall size and quality.
(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.Adopted by Missouri Register May 1, 2019/Volume 44, Number 9, effective 3/30/2019Amended by Missouri Register October 1, 2019/Volume 44, Number 19, effective 11/30/2019Amended by Missouri Register February 1, 2024/volume 49, Number 03, effective 3/31/2024.