MO HB2107

Allows municipalities (counties, cities, incorporated towns, villages) to develop technology business facility projects in underground mine spaces containing at least 2 million square feet for data processing, hosting, internet publishing, or web search portal businesses.

Permits municipalities to accept grants and donations for technology business facility projects and enter into loan agreements, leases, or mortgages with private parties for facility components.

Exempts leases and rentals of project components from local sales tax under Missouri law and exempts leasehold interests from property taxes.

Allows lessees to make payments in lieu of taxes to the municipality, with amounts exceeding the municipality's administrative costs distributed to affected taxing entities proportionally based on current ad valorem tax levies.

Permits municipalities to sell or dispose of acquired property to private persons or corporations for technology business facility purposes, and allows initial property donors to request retransfer of their donated property at no cost.