This week the House Economic Development and Business Attraction committee took on data center legislation sponsored by Rep. Kevin Austin. House Bill 497 would authorize tax incentives for data storage centers.
That bill, along with others that have been proposed in the Senate, would give Missouri a significant boost above other states wooing data centers and server farms. A data center is a facility used to house computer systems and associated components, such as telecommunications and storage systems.
The data storage centers would be given an exemption on sales tax for up to 10 years, which can become a boon for local municipalities when the ten year provision expires.
“These cities and counties and schools will reap the benefits of these centers when the provision expires,” Tracy King testified. “Right now they don’t exist so the local taxes are not being missed, but when they become available once the provision sunsets, the local communities will really benefit.
“Companies are investing billions of dollars right now to build and establish data centers as the demand for storage of electronic data continues to grow exponentially,” said Tracy King, Missouri Chamber vice president of governmental affairs.
For more information on tax issues or data centers, contact Tracy King, Missouri Chamber vice president of governmental affairs, at firstname.lastname@example.org, or by phone at 573-634-3511.