MO HB1881

Sales and use tax exemption for machinery, equipment, and computers used by data center and server farm facilities exceeding 50,000 square feet, effective January 1, 2011

Establishes the Missouri Advantage Act with five tier levels (Tier 1-5) based on investment in qualified property and number of new employees hired, with varying requirements from $1 million investment and 10 new employees (Tier 1) to $30 million investment (Tier 5)

Provides tax credits ranging from 3-6% of new employee wages based on wage levels relative to Missouri average weekly wage, plus 3-10% investment credits for qualified property depending on project tier

Allows credits to be used against income tax liability, withholding taxes, and to obtain refunds of sales and use taxes; credits may be carried forward up to 9-14 years depending on project tier

Requires recapture of benefits if taxpayer fails to meet employment and investment requirements or maintain baseline employment levels during the entitlement period, with exemption for acts of God or national emergency