CT HB06468

Creates tax exemptions for qualified data centers that invest at least $50 million (in enterprise/opportunity zones) or $200 million (elsewhere) within 5 years of entering an agreement with the Commissioner of Economic and Community Development

Exempts qualifying data centers from sales and use taxes on data center equipment, related services, and electricity, as well as property taxes on real property and enterprise IT equipment for 20 years

Extends the exemption period to 30 years for data centers investing at least $200 million (in enterprise/opportunity zones) or $400 million (elsewhere), with an additional exemption from any future state financial transactions tax

Requires data center owners to negotiate host municipality fee agreements before commencing construction to offset local property tax revenue losses

Establishes an Office of Data Infrastructure Administration and Security within the Department of Economic and Community Development to serve as liaison and provide assistance to applicants throughout the process