There is no obvious reason why SharePoint limits the storage of datetime data type, as it is now.
In SQL Server, smalldatetime columns allow you to use a date in the range 1/1/1900 to 6/6/2079, and datetime columns in the range 1/1/1753 - 12/31/9999
So, there is no range from 1/1/1900 - 12/31/8900, and I have no idea why the restriction exists.
To make it even worse: SQL SErver 2008 is of type smalldatetime2 and datetime2 (actually just added 2 to the name: /), which allows any date (1/1/0000 - 12/31/9999), but even SharePoint 2010 on SQL 2008 has the same limit
And Kit: using one line of text is very bad as a wildcard, since there is no way to check the values entered by the user
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