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IN HB1340
Bill
Status
1/16/2018
Primary Sponsor
Jim Pressel
Click for details
AI Summary
- Exempts from state sales and use tax the purchase of enterprise information technology equipment (servers, routers, networking systems, generators) for Indiana data centers dedicated to computing, networking, or data storage activities.
- Requires eligible businesses to invest at least $10,000,000 in aggregate in enterprise information technology equipment located at one or more data centers in Indiana to qualify for the exemption.
- Exempts electricity sold to eligible businesses used to operate the qualified enterprise information technology equipment at Indiana locations from state sales and use tax.
- Electricity exemption sunsets on July 1, 2028, while equipment exemption remains permanent.
- Eligible businesses may obtain exemptions through specific transaction exemption certificates or by applying for refunds after paying sales tax.
Legislative Description
Sales tax exemption for data warehouse equipment. Provides a state sales and use tax exemption (exemption) for: (1) the sale of certain enterprise information technology equipment that will be located in one or more data centers in Indiana that are dedicated to computing, networking, or data storage activities; and (2) the sale of electricity used to operate the enterprise information technology equipment. Provides that, to be eligible for the exemption, a business must invest in the aggregate at least $10,000,000 in enterprise information technology equipment that will be located at one or more data centers in Indiana. Sunsets the sales
Last Action
First reading: referred to Committee on Ways and Means
1/16/2018