AZ HB2787

Establishes certification program through Arizona Commerce Authority for qualified computer data centers meeting minimum size requirements (10,000+ square feet) with certificate of occupancy issued between December 31, 2012 and December 31, 2017.

Provides transaction privilege and use tax exemptions for computer server equipment and modular data center units purchased and installed in certified data centers without intervening use.

Requires certified data center businesses to create or retain at least one new qualified employment position per 10,000 square feet of server space, with qualified positions requiring minimum 1,750 annual hours, health insurance coverage (employer pays 65%+ of premium), and median county wage compensation.

Allows certified data center property to be classified as class six property for property tax purposes, valued at full cash value, with classification limited to five tax years and subject to annual recertification.

Extends certification deadline through June 30, 2018, with existing certifications valid for ten years including after 2018 if businesses continue meeting eligibility requirements and annual reporting obligations.