{"data":{"id":"us-mo/mo.-rev.-stat.-253.545","jurisdiction":"us-mo","citation":"Mo. Rev. Stat. § 253.545","heading":"Definitions.","body":"As used in sections 253.544 to 253.559, the following terms shall mean, unless the context requires otherwise:\n(1) \"Applicable percentage\" :\n(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;\n(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\n(c) For the rehabilitation of a property not located in a qualifying county approved for a tax credit, twenty-five percent;\n(2) \"Certified historic structure\" , a building located in Missouri and either:\n(a) Listed individually on the National Register of Historic Places; or\n(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;\n(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;\n(4) \"Department\" , the department of economic development;\n(5) \"Eligible property\" , property located in Missouri and offered or used for residential or business purposes;\n(6) \"Eligible recipient\" , an individual taxpayer or nonprofit entity incurring expenses in connection with an eligible property;\n(7) \"Historic theater\" , any historic theater that is a certified historic structure or is located in a historic district;\n(8) \"Historic school\" , any historic school that is a certified historic structure or that is located in a historic district;\n(9) \"Leasehold interest\" , a lease in an eligible property for a term of not less than thirty years;\n(10) \"Principal\" , a managing partner, general partner, or president of a taxpayer;\n(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;\n(12) \"Qualified rehabilitation standards\" , the Secretary of the Interior's Standards for Rehabilitation, codified under 36 CFR 67;\n(13) \"Qualifying county\" , any county or portion thereof in this state that is not:\n(a) Within a city with more than four hundred thousand inhabitants and located in more than one county; or\n(b) A city not within a county;\n(14) \"Taxpayer\" , any person, firm, partnership, trust, estate, limited liability company, or corporation.","path":["Title XVI - CONSERVATION, RESOURCES AND DEVELOPMENT","Chapter 253 - State Parks and Historic Preservation"],"source_url":"https://revisor.mo.gov/main/OneSection.aspx?section=253.545","current_through":"2026 legislative session (floor)","vintage":"","retrieved_at":"2026-09-03T22:23:26Z","sha256":"62c98db3fa3bd3b534fa1f138c7d5d05b7611bd59a83b8b41543337f54fbb81d","source_id":"us-mo","stale":false,"prev":"us-mo/mo.-rev.-stat.-253.544","next":"us-mo/mo.-rev.-stat.-253.550"},"notice":"GroundRules: Original legal text. Not legal advice."}