Loading chat...
IN HB1088
Bill
Status
1/3/2019
Primary Sponsor
Jim Pressel
Click for details
AI Summary
-
Creates a state sales and use tax exemption for enterprise information technology equipment including servers, routers, networking systems, backup generators, and HVAC equipment used in data centers
-
Requires businesses to invest at least $10,000,000 in aggregate in qualifying equipment located at one or more Indiana data centers to be eligible for the exemption
-
Indiana Economic Development Corporation (IEDC) must certify businesses as eligible; certification applications accepted until June 30, 2029
-
Once certified, businesses may continue claiming the equipment tax exemption indefinitely, even after June 30, 2029
-
Sales tax exemption for electricity used to operate the qualifying equipment expires June 30, 2029
Legislative Description
Sales tax exemption for data warehouse equipment. Provides a state sales and use tax exemption (exemption) for the purchase of certain enterprise information technology equipment and 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. Requires the Indiana economic development corporation (IEDC) to take applications for the exemption and certify an entity as a business eligible for the exemption. Provides that the IEDC may not certify eligible businesses after June 30, 2029. Provides that a business once certified by the IEDC may use the exemption for purchases of enterprise information technology equipment after June 30, 2029. Sunsets the sales and use tax exemption for the sale of electricity used to operate the enterprise information technology equipment on June 30, 2029.
Last Action
Representative Wright added as coauthor
1/16/2019