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Engrossed House Bill (S)

DIGEST

Taxation of data centers. Provides that a county or municipal fiscal body may designate an area in which a property tax exemption will be provided for certain enterprise information technology equipment. Provides a state sales and use tax exemption (exemption) for the purchase of certain data center equipment that is located in a data center that results in a minimum qualified investment within five years, ranging from at least $25,000,000 to more than $150,000,000 depending on the population of the county in which the data center is located. Requires that 75% or more of the materials, professional services, and labor Taxation of data centers. Provides that a county or municipal fiscal body may designate an area in which a property tax exemption will be provided for certain enterprise information technology equipment. Provides a state sales and use tax exemption (exemption) for the purchase of certain data center equipment that is located in a data center that results in a minimum qualified investment within five years, ranging from at least $25,000,000 to more than $150,000,000 depending on the population of the county in which the data center is located. Requires that 75% or more of the materials, professional services, and labor used for the rehabilitation or construction of a facility to be used as a qualified data center must be purchased from Indiana vendors. Provides that costs that meet the requirement are exempt from the state gross retail tax. Requires a qualified data center user to apply to the Indiana economic development corporation (IEDC) for a specific transaction exemption certificate (exemption certificate). Requires a qualified data center user to enter into an agreement with the IEDC as a condition of receiving an exemption certificate. ... View more