MO SB149

Creates 100% state and local sales and use tax exemptions for new data storage centers that invest at least $25 million within 36 months and create at least 10 new jobs paying 150% of county average wage, with exemptions lasting up to 15 years

Provides tax exemptions for expanding data storage centers that invest at least $5 million within 12 months and create at least 5 new jobs at 150% of county average wage, with exemptions lasting up to 10 years

Exempts utilities (electricity, gas, water, telecommunications, internet), machinery, equipment, computers, and construction materials from sales and use taxes for qualifying facilities

Caps total exemption amounts at the projected net fiscal benefit to the state over 10 years, as calculated by the Department of Economic Development using Regional Economic Modeling data

Prohibits recipients of these exemptions from also receiving benefits under any business recruitment tax credit defined in section 135.800