Senate Bill 106 Summary

• Amends Indiana Code to modify the property tax exemption for data warehouses and computer facilities by allowing both lessors and lessees to qualify if combined investments reach at least $10,000,000.

• Expands the definition of "qualified property" to include all additions to and replacements of enterprise information technology equipment purchased after June 30, 2009.

• Requires designating bodies to adopt a declaratory resolution and hold a public hearing before providing a final property tax exemption resolution, with procedures for filing notices with county assessors and taxing units.

• Establishes a January 1, 2013 deadline for designating bodies to adopt final exemption resolutions, though exemptions continue for their specified duration beyond this date.

• Effective July 1, 2011.