SB223 Summary

• Extends tax abatement periods for data processing centers in Alabama from current terms up to 30 years, with specific periods based on capital investment levels: 10 years for investments not exceeding $100 million, 20 years for investments between $100-$300 million, and 30 years for investments exceeding $300 million.

• Lowers employment threshold for data processing centers from 50 jobs to 20 new jobs, making it easier for more data processing facilities to qualify for tax incentives.

• Adds computer software used in data processing centers to the types of taxes that can be abated, including construction-related transaction taxes on software acquisitions.

• Applies abatements to all real and personal property comprising a data processing center acquired during the applicable exemption period, including computers, cooling systems, power infrastructure, and related equipment.

• Becomes effective immediately upon passage and approval by the Governor.