HB2649 Summary: Computer Data Centers; Tax Incentives

• Extends the deadline for certifying new computer data centers from December 31, 2023 to December 31, 2033 under section 41-1519.

• Moves tax deductions for computer data center equipment from the retail classification's exemption list to the machinery and equipment deduction list in sections 42-5061 and 42-5159 to clarify applicability of independent functional utility deductions.

• Expands international operations center (IOC) requirements to include minimum $100,000,000 investment in new renewable energy facilities within three years, with at least 51% of energy self-consumed by the fifth year of operation.

• Adds renewable energy resources definition including solar, wind, biomass, and battery storage for IOC renewable energy facility investments.

• Applies retroactively to taxable periods beginning September 12, 2013 for data center provisions and August 24, 2020 for IOC provisions.