MO HB943

Companies and subcontractors that install fiber optic internet cable, mount internet amplification equipment, or erect new towers for wireless broadband transmission are eligible for linked deposit loans under sections 30.750 to 30.767.

Taxpayers are allowed a tax credit equal to the purchase price of new internet broadband equipment (wireless transmitters, amplification equipment, management software, or other broadband hardware) for taxable years beginning on or after January 1, 2012.

The tax credit cannot exceed the taxpayer's state tax liability for the year claimed and is not refundable, transferable, sold, or assignable.

The Department of Revenue may promulgate rules to implement the tax credit provisions under chapter 536 procedures.

The tax credit program automatically sunsets on December 31 six years after the effective date unless reauthorized by the General Assembly, with a subsequent sunset twelve years after reauthorization.