Modifies provisions relating to facilities of historic significance

SB 884 updates Missouri laws governing tax credits for the rehabilitation of historic buildings and facilities. The bill establishes specific tax credit percentages, offering twenty-five percent for most projects and thirty-five percent for those located in designated qualifying counties, provided the work meets federal historic preservation standards. It defines eligible properties as those used for residential or business purposes and sets financial thresholds, such as requiring rehabilitation costs to exceed fifty percent of the property's total value. Additionally, the legislation creates new definitions for terms like "certified historic structure" and "qualified census tract" to clarify which properties and areas qualify for these incentives.