Missouri NO Agreement, also known as the Missouri New Markets Tax Credit Qualified Opportunity (NO) Agreement, is an economic development program offered by the state of Missouri in the United States. This program aims to attract investments and stimulate economic growth in designated low-income communities known as Qualified Opportunity Zones (Does) by providing tax incentives to investors. Under the Missouri NO Agreement, investors who make qualifying investments in Qualified Opportunity Funds (OFS) within the Does can receive various tax benefits. These benefits include deferral of capital gains taxes, reduction of capital gains taxes, and potential elimination of taxes on the appreciation of the investment if held for a certain period of time. The program incentivizes private investments in these economically distressed areas by allowing investors to use the capital gains they have generated from other investments to fund projects within the Does. This, in turn, promotes economic development, job creation, and improves the quality of life in these underserved communities. It is worth noting that there are different types of Missouri NO Agreements available, each offering different tax benefits and incentives. Some notable variations include: 1. NO Agreement for Real Estate Developments: This agreement is designed for investors who plan to use their capital gains to invest in real estate development projects within Qualified Opportunity Zones. It provides tax benefits specifically tailored for real estate investments, such as deferred taxes on capital gains and potential elimination of taxes on the appreciation of the property. 2. NO Agreement for Small Business Investments: This agreement targets investors who aim to use their capital gains to invest in small businesses operating within the Qualified Opportunity Zones. It offers tax incentives to encourage investments in job-creating enterprises, including tax deferrals and reductions on capital gains. 3. NO Agreement for Infrastructure Projects: This type of agreement is intended for investors interested in funding infrastructure projects within the Does. These projects can include the development of transportation systems, utility networks, and public facilities. The agreement provides tax benefits to incentivize these infrastructure investments, supporting the long-term growth and improvement of these communities. Overall, the Missouri NO Agreement serves as a powerful tool to attract private investments into economically distressed areas, ultimately fostering revitalization and prosperity in the designated Qualified Opportunity Zones. The program provides investors with compelling tax incentives, including capital gains tax deferrals and reductions, with the potential for eliminating taxes on investment appreciation, thereby encouraging economic development and job creation.