MI HB6316

Extends the use tax exemption for data center equipment from qualified data centers through December 31, 2046 (or December 31, 2061 for brownfield sites and former power plants) for newly defined "enterprise data centers" certified by the Michigan Strategic Fund.

Requires enterprise data centers to meet criteria including: located in Michigan, minimum $250 million capital investment, creation of 30+ qualified new jobs paying at least 120% of county average wage, with 50% of jobs requiring STEM degrees or skilled trades certification.

Changes reporting requirements so that the Michigan Strategic Fund (rather than the Department of Talent and Economic Development) certifies job creation numbers and issues/revokes enterprise data center certificates, with certificates reviewed within 120 days of application.

Makes the original qualified data center exemption contingent on meeting job creation thresholds: 400 jobs by January 1, 2022 and 1,000 jobs by January 1, 2026, otherwise exemption terminates.

Establishes revocation procedures allowing the Michigan Strategic Fund to require repayment of tax exemptions plus interest if a facility no longer meets enterprise data center requirements within 10 years of certification, or potentially reduced repayment (minimum 50%) if revocation occurs after 10 years.