CO SB207

Allows data center businesses and operators to claim refunds of all state sales and use tax paid on construction materials and data center equipment for eligible data centers during fiscal years 2025-2034

Defines eligible data centers as those creating at least 10 new full-time jobs, bringing at least $25 million in new investment to the state, and reaching a minimum of 3 megawatts of new electric load

Requires taxpayers to obtain certification from the Colorado Office of Economic Development before claiming refunds, with refunds only available for purchases made after certification is received

Allows certified data centers to retain eligible status for 10 years and permits taxpayers to assign certifications to lenders, equity investors, financing providers, or successor operators

Requires annual reports to the legislature on eligible data centers and refunds allowed; program sunsets July 1, 2039