MO HB80

Allows taxpayers to claim a tax credit for costs of materials and labor incurred in constructing or improving data centers, effective for tax years beginning January 1, 2010 or later.

Tax credit is limited to the taxpayer's state tax liability for the year claimed; excess credits may be carried forward up to three subsequent taxable years but are not refundable.

Defines "data center" as any building capable of housing high technology computer systems and related equipment, and applies to individual and entity taxpayers subject to state income, corporate, financial institution, or insurance taxes.

Tax credits cannot be transferred, sold, or assigned to other parties.

Program automatically sunsets on December 31 six years after the effective date unless reauthorized by the General Assembly; if reauthorized, it sunsets twelve years after reauthorization.