MI HB6561

Shortens the data center equipment use tax exemption from December 31, 2035 to December 31, 2021, effectively eliminating the exemption after 2021.

Removes subsections (2) and (3) that required the exemption to continue only if qualified data centers collectively established at least 400 jobs by January 1, 2022 and at least 1,000 jobs by January 1, 2026.

Removes the reporting requirement for persons claiming the data center equipment exemption to report purchase prices and related information annually to the Department of Treasury.

Eliminates the requirement that revenue lost from the school aid fund as a result of the data center equipment exemption be deposited into the state school aid fund.

Takes effect December 31, 2021.