MO SB46

Establishes tax incentives for data storage centers engaged in data processing, hosting, internet publishing, broadcasting, or web search portal operations.

Municipalities may carry out technology business facility projects, accept grants, receive donations, and enter into loan agreements or lease arrangements with private entities for these facilities.

Exempts lease and rental transactions of technology business facility project components from local sales taxes and exempts leasehold interests from property taxes.

New data storage center projects meeting $37 million investment and 30 new job requirements receive 100 percent state and local sales and use tax exemptions for up to 15 years on utilities, machinery, equipment, and construction materials, limited to projected net fiscal benefit over 10 years.

Expanding data storage center projects with $5 million net new investment and 5 new jobs at 150 percent of county average wage receive up to 10 years of exemptions on utilities and equipment costs exceeding baseline usage amounts.