MI HB6559

Shortens the data center equipment sales tax exemption from January 1, 2016 through December 31, 2035 to January 1, 2016 through December 31, 2021.

Removes job creation performance requirements that would have allowed the exemption to continue after January 1, 2022 (requiring 400 jobs) and January 1, 2026 (requiring 1,000 jobs).

Eliminates the requirement for businesses claiming the data center equipment exemption to annually report sales prices and revenue lost to the state school aid fund.

Removes the provision requiring the state to compensate the school aid fund for all revenue lost due to the data center equipment exemption.

Takes effect December 31, 2021.