Mo. Rev. Stat. § 253.545: Definitions.

As used in sections 253.544 to 253.559, the following terms shall mean, unless the context requires otherwise:

(1) "Applicable percentage" :

(a) For the rehabilitation of a property that receives or intends to receive a state tax credit under sections 135.350 to 135.363, twenty-five percent;

(b) For the rehabilitation of a property located in a qualifying county approved for a state tax credit and that is not a property that receives or intends to receive a state tax credit under sections 135.350 to 135.363, thirty-five percent; or

(c) For the rehabilitation of a property not located in a qualifying county approved for a tax credit, twenty-five percent;

(2) "Certified historic structure" , a building located in Missouri and either:

(a) Listed individually on the National Register of Historic Places; or

(b) Located in a National Register-listed historic district or a local district that has been certified by the United States Department of the Interior and certified by the Secretary of the Interior or the state historic preservation office as a contributing resource in the district;

(3) "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;

(4) "Department" , the department of economic development;

(5) "Eligible property" , property located in Missouri and offered or used for residential or business purposes;

(6) "Eligible recipient" , an individual taxpayer or nonprofit entity incurring expenses in connection with an eligible property;

(7) "Historic theater" , any historic theater that is a certified historic structure or is located in a historic district;

(8) "Historic school" , any historic school that is a certified historic structure or that is located in a historic district;

(9) "Leasehold interest" , a lease in an eligible property for a term of not less than thirty years;

(10) "Principal" , a managing partner, general partner, or president of a taxpayer;

(11) "Qualified census tract" , a census tract or census block with a poverty rate of twenty percent or higher as determined by a map and listing of census tracts which shall be published by the department and updated on a five-year cycle, and which map and listing shall depict census tracts with twenty percent poverty rate or higher, grouped by census tracts with twenty percent to forty-two percent poverty, and forty-two percent to eighty-one percent poverty as determined by the most current five-year figures published by the American Community Survey conducted by the United States Census Bureau;

(12) "Qualified rehabilitation standards" , the Secretary of the Interior's Standards for Rehabilitation, codified under 36 CFR 67;

(13) "Qualifying county" , any county or portion thereof in this state that is not:

(a) Within a city with more than four hundred thousand inhabitants and located in more than one county; or

(b) A city not within a county;

(14) "Taxpayer" , any person, firm, partnership, trust, estate, limited liability company, or corporation.