HB154 Summary: Alabama Data Processing Center Economic Incentive Enhancement Act of 2012

• Allows municipalities, counties, and public industrial authorities to grant abatements of ad valorem taxes and construction-related transaction taxes to private users of data processing centers for periods up to 30 years.

• Reduces employment thresholds for data processing centers from 50 to 20 new jobs required, with average annual compensation of at least $40,000, provided minimum capital investment requirements are met.

• Establishes tiered abatement periods based on capital investment levels: 10 years for investments up to $200 million, 20 years for $200-$400 million, and 30 years for investments exceeding $400 million (within specified timeframes).

• Extends abatement applicability to include computers, software, cooling systems, power infrastructure, and other equipment necessary for data processing center operation during the exemption period.

• Includes sunset provision requiring reauthorization by December 31, 2018, and every five years thereafter; projects granted incentives before the deadline retain those benefits regardless of future reauthorization.