Loading chat...
ID H0315
Bill
Status
Engrossed
3/7/2025
Primary Sponsor
Revenue and Taxation Committee
Click for details
AI Summary
- Amends Idaho's data center sales tax exemption (Section 63-3622VV) to add a 7-year expiration for exemptions granted after March 1, 2025, while grandfathering entities that received the exemption before that date
- Requires qualifying business entities receiving exemptions after March 1, 2025 to remit sales tax on otherwise-exempt items after their 7-year exemption period expires, with funds transferred quarterly to the tax relief fund
- Maintains existing qualification requirements: minimum $250 million capital investment within 5 years of construction start and creation of at least 30 new jobs within 2 years of operations commencing
- Eligible equipment includes servers, rack servers, chillers, storage devices, generators, cabling, and related software for data transmission and storage facilities in Idaho
- Declared an emergency measure, taking effect immediately upon passage and approval
Legislative Description
Amends existing law to revise provisions regarding the sales tax exemption for Idaho information technology equipment.
TAXATION
Last Action
Reported out of committee; to 14th Order for amendment
3/26/2025
Committee Referrals
Local Government and Taxation3/10/2025
Revenue and Taxation2/25/2025
Full Bill Text
No bill text available