HB 1054 Summary

• Exempts eligible businesses from Indiana state gross retail tax on enterprise information technology equipment purchases and leases for data centers dedicated to computing, networking, or data storage activities.

• Requires eligible businesses to invest a minimum of $100,000,000 in aggregate in enterprise information technology equipment located at one or more data centers.

• Equipment must be located in a high technology district area designated by a municipality or county fiscal body, with a signed agreement between the designating body and the entity.

• Indiana Economic Development Corporation must review and approve applications for tax exemption before the transaction date; exemption can be obtained via specific transaction exemption certificate or refund after paying the tax.

• Applies to transactions occurring after June 30, 2014, and before July 1, 2018; effective July 1, 2014.