SB 1730 MO
SB 1730 - This act establishes the "Innovation Endowment Fund" in the state treasury, to be used by the Missouri Technology Corporation to carry out its duties. The fund shall consist of appropriations made by the General Assembly, any gifts, bequests, and donations, 0.5% of data storage center project costs, as defined in the act, deposited in equal increments over a period of twenty years, and an amount equal to $100 per megawatt of nameplate capacity for each solar farm, as defined in the act, in this state. For any data storage center that includes at least 10,000 square feet of space dedicated to fostering workforce development or economic development and providing small business incubator and research space, the amount deposited in the fund shall be equal to 0.25% of data storage center project costs, to be deposited in equal increments over a period of twenty years. JOSH NORBERG
A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →
Summary
The act establishes the Innovation Endowment Fund in the state treasury to support the Missouri Technology Corporation's operations and programs. The fund receives money from General Assembly appropriations, gifts and donations, contributions from data storage center projects, and contributions based on solar farm capacity in the state. Data storage centers contribute 0.5 percent of their project costs to the fund over a twenty-year period, deposited in equal annual increments. Data storage centers with at least 10,000 square feet of space dedicated to workforce development, economic development, or small business incubation contribute 0.25 percent of project costs instead. Solar farms contribute $100 per megawatt of nameplate capacity to the fund.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
SB 1730 - This act establishes the "Innovation Endowment Fund" in the state treasury, to be used by the Missouri Technology Corporation to carry out its duties. The fund shall consist of appropriations made by the General Assembly, any gifts, bequests, and donations, 0.5% of data storage center project costs, as defined in the act, deposited in equal increments over a period of twenty years, and an amount equal to $100 per megawatt of nameplate capacity for each solar farm, as defined in the act, in this state. For any data storage center that includes at least 10,000 square feet of space dedicated to fostering workforce development or economic development and providing small business incubator and research space, the amount deposited in the fund shall be equal to 0.25% of data storage center project costs, to be deposited in equal increments over a period of twenty years. JOSH NORBERG
Sponsor (1)
- Henderson, Mike Republican · primary
Action history (2)
- May 7, 2026 Second Read and Referred S Economic and Workforce Development Committee · upper
- Feb 25, 2026 S First Read · upper
Full text
The full text hasn’t been imported yet. CivicGate fetches it from the state legislature’s published version documents — check now.
Comments
Data from OpenStates. View on OpenStates →
Comments