Data Storage Centers Sales Tax Exemption Advances in House
February 9 – HB 1311, sponsored by Rep. Ryan Silvey, received first round approval from the Missouri House yesterday. The bill contains incentives that will help Missouri compete for location of data centers. Currently, Missouri is losing data centers to other states that have attractive incentive programs. The bill contains minimum investment requirements for companies that will be entitled to sales tax exemptions on purchases of equipment and utilities for the data centers. Associated Industries of Missouri is part of a coalition of business organizations and companies supporting the development of data centers in Missouri.
The bill will now face one more vote before moving to the Senate. Also, see news coverage by Missouri News Horizon, by clicking here.