Office-to-Residential Conversion Tax Credit

Provides an incentive for the conversion of office buildings at least 25 years old to predominantly residential use or for upper-floor housing projects in a commercial building. Statutory Authorization Sections 620.6000, 620.6003, 620.6006.16-.19, and 620.6024 RSMo Eligible Applicants Any individual or entity subject to taxation under Chapter 143 (Income Tax) or Chapter 148 (Financial Institutions Tax) Section 501(c) tax-exempt nonprofits are ineligible unless the organization has unrelated business taxable income subject to tax under Chapters 143 or 148. Eligible Areas Main Street District or, Certified Missouri Innovation Zone (MIZ) Application Process A preliminary application, along with a completed MIZ Master Scorecard, if applicable, is submitted to the Department. Applications will be accepted during an application cycle and will be authorized on a first-come, first-served basis. Once the conversion is complete, the applicant will submit a final application with proof of expenditures for tax credit issuance. Applicants may submit their application via Submittable during the open cycle.

Eligible Applicants Any individual or entity subject to taxation under Chapter 143 (Income Tax) or Chapter 148 (Financial Institutions Tax) Section 501(c) tax-exempt nonprofits are ineligible unless the organization has unrelated business taxable income subject to tax under Chapters 143 or 148. Eligible Areas Main Street District or, Certified Missouri Innovation Zone (MIZ)