JEFFERSON CITY — With the passage of a new incentive package, signed into law today, Missouri is now poised to compete globally for data center investment and high-tech jobs.
With the governor’s signature, Senate Bill 149 will now allow data centers establishing in Missouri to receive state and local sales and use tax exemptions for their machinery, equipment and computers. Various data center utility expenses will also now be exempt from sales and use taxes. Similar incentives will be available to existing data centers in Missouri that expand and create new high-paying jobs. The bill was sponsored by Sen. Mike Parson, a Republican from Bolivar. Rep. Kevin Austin, a Republican from Springfield, handled the bill in Missouri House of Representatives and played an important role in its final passage.
The Missouri Chamber of Commerce and Industry worked for years to get this measure approved as a member of the Missouri Coalition for Data Centers.
“This is a game-changer for our state,” said Daniel P. Mehan, Missouri Chamber president and CEO. “For years, Missouri has tried to land data center projects using our state’s many relevant advantages—low-cost power supply, protection from natural disasters, fiber internet and talented IT workers. But the reality is, if you aren’t offering an incentive package, you are largely invisible to the site selectors who guide tech investment. Now, Missouri is on the map. With Senate Bill 149 now law, we can look forward to seeing greater development and more tech jobs coming to our state.”
The legislation includes a number of provisions protecting state and local revenues and ensuring that the incentives only go to companies creating good jobs.
The passage of Senate Bill 149 is in line with the recently-announced goals of Missouri 2030, a 15-year strategic plan for growth established by the Missouri Chamber. Competing for Jobs—including high-tech, data center jobs—is one of the plan’s four drivers that will lead to greater economic growth in Missouri. Learn more about Missouri 2030 at: http://www.MO2030.com.
The Missouri Chamber of Commerce and Industry (www.mochamber.com) was founded in 1923 and is the largest business organization in Missouri, representing almost 3,000 employers, providing more than 425,000 jobs for Missourians.