MO HB872

Authorizes Missouri municipalities (counties, cities, towns, villages) to carry out "technology business facility projects" for economic development, including facilities for wired telecommunications carriers, data processing/hosting services, and internet publishing/web search portals

Exempts lease or rental transactions involving project components from state and local sales taxes under multiple sections of Missouri law

Leasehold interests granted under this section are exempt from property taxes; lessees may make payments in lieu of taxes that are distributed to affected taxing entities proportionally

Municipalities may accept federal and state grants, receive private donations, and enter loan agreements, leases, or mortgages with private parties for these projects—including agreements with nominal monetary consideration if economic benefits are demonstrated

Private entities that donate property to a municipality for a technology business facility project retain the right to have it retransferred back at no cost upon request