ID H0046

Modifies Section 50-2903 to add property owned, leased, or used by businesses receiving the sales tax exemption under Section 63-3622VV to the base assessment roll in the current tax year, provided the county clerk is notified by the fourth Monday in July.

Allows removal of taxable property value from the base assessment roll and addition to increment value if the exemption is invalidated because the claimant failed to meet exemption requirements, with notification required prior to the fourth Monday in July.

Amends Section 63-3622VV to clarify that when a qualifying business entity issues a final certification (rather than merely meeting requirements), the provisional exemption becomes final and applies to all additional eligible server equipment and data center facility purchases.

Adds subsection (4) to Section 63-3622VV requiring the state tax commission to notify county clerks within 30 days of certification or invalidation of exemptions for property located in revenue allocation areas.

Declares an emergency, making the act effective upon passage and approval.