Fall 2006 issue of Horizons

Missouri Rebuilding Communities Tax Credit

Eligible Businesses - Businesses located in Missouri in a designated “Distressed Community” are eligible for this cred- it. More than 120 cities have been so designated, including the entire city of St. Louis. Portions of the Kansas City area (such as north Kansas City) have been designated as dis- tressed. The business must employ less than 100 employ- ees at the time of the application to enter this program. Architecture and engineering firms are classified as busi- nesses that qualify for this program. The majority of the pro- gram benefit comes from investing in equipment placed in service in the qualified facility. A new business, or a business relocating into a designated distressed community, can earn a 40 percent tax credit on qualified expenditures. An existing business can earn a 25 percent tax credit on qualified expen- ditures. The maximum amount of the credit per year is $75,000. A company must apply to be accepted into the pro- gram. Both of these programs can bring benefits to your existing business model without redesigning how your business operates. RubinBrown can help you determine if you are eli- gible for these programs. Please contact your RubinBrown representative or a member of the Architects and Engineers Services Group if you have any questions about these programs. Questions? Contact Mark Jansen, CPA Partner-in-Charge, Architects and Engineers Services Group 314-290-3208 mark.jansen@rubinbrown.com or Jackie Jacquin, CPA Manager, Architects and Engineers Services Group 314.290.3414 jackie.jacquin@rubinbrown.com

32 • summer 2006 issue