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Missouri

Missouri

Incentives/Policies for Renewables & Efficiency

Printable Version
Renewable Energy Generation Zone Property Tax Abatement   

Last DSIRE Review: 08/09/2012
Program Overview:
State: Missouri
Incentive Type: Property Tax Incentive
Eligible Renewable/Other Technologies: Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Municipal Solid Waste, Other Certified Sources, Anaerobic Digestion, Ethanol, Fuel Cells using Renewable Fuels
Applicable Sectors: Commercial, Industrial
Amount:Mandated: 50-100% for 10-25 years
Optional: 0-100% for 0-25 years
Start Date:08/28/2011
Web Site: http://www.ded.mo.gov/BCS%20Programs/BCSProgramDetails.aspx?BCSPr...
Authority 1:
Date Enacted:
Date Effective:
H.B. 737
07/07/2011
08/28/2011
Authority 2:
R.S. Mo. ยง 135.950 et seq.
Summary:

Local areas in Mimssouri can be designated as Renewable Energy Generation Zones and receive property tax abatements as part of the Enhanced Enterprise Zone program.  Legislation (H.B. 737) enacted in July 2011 allows for new, expanded, or replacement business facilities to receive a property tax exemption from the applicable local government authority. Local governments must award at least a 50% property tax abatement for 10-25 years for improvements made to real property in an Enhanced Enterprise Zone. In addition, local governments have the option of awarding up to a 100% property tax abatement for up to 25 years if the facility has created and maintained at least 50 jobs averaging at least 35 hours a week.

In order to be designated as an Enhanced Enterprise Zone, the following criteria must be met:

  • New or expanded business facilities must hire and maintain positions for 2 new employees and make a new investment of at least $100,000
  • Replacement business facilities must hire and maintain positions for 2 new employees and make a new investment of at least $1,000,000
  • All facilities must provide health insurance at all times, of which at least 50% must be paid by the employer

A Renewable Energy Generation Zone must be an area found by the local governing body to be a blighted area, and must contain "land, improvements, or a lock and dam site which is unutilized or underutilized for the production, generation, conversion, and conveyance of electrical energy from a renewable energy resource." Eligible renewable resources include wind, solar thermal, photovoltaics, energy crops, cellulosic agricultural residues, plant residues, landfill gas or methane from agricultural operations or wastewater treatment, pyrolysis or thermal depolymerization, clean and untreated wood, hydroelectric power, and fuel cells using hydrogen produced from one of the eligible renewable resources.  Application materials and instructions for Enhanced Enterprise Zone designation are available on the program web site.


 
Contact:
  Enhanced Enterprise Zone Contact
Missouri Department of Economic Development
Division of Business and Community Services
301 West High Street, Room 770
P.O. Box 118
Jefferson City, MO 65102
Phone: (573) 751-4539
Fax: (573) 522-4322
E-Mail: dedfin@ded.mo.gov
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.