This discretionary program offers local tax abatement on real property until April 30, 2032.
Specific criteria considered is job creation, wage rates, and capital investment.
Chapter 353 tax abatement is an incentive allowed by Missouri law to encourage the redevelopment of blighted areas through the abatement of real property taxes. The City of Lincoln, Missouri formed the Lincoln MO Civic Redevelopment Corporation (LMCRC) to administer the Highway 65 incentive program.
Depending on the level of investment, applicants can qualify for:
To learn more contact Benton County Economic Development
An Opportunity Zone is where new investments, under certain conditions, may be eligible for preferential tax treatment.
Or click the link below to access the IRS database
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