Missouri Revised Statutes Title XVI. Conservation, Resources and Development § 253.545. Definitions

(1)“Applicable percentage”:

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

(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:

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