MN SF4983

Creates a new category of "qualified large-scale data center" with a minimum $250,000,000 investment requirement over 60 months beginning after June 30, 2024, allowing tax exemption at time of purchase rather than through refund.

Qualified large-scale data centers may claim exemptions for purchases until July 1, 2059, compared to the June 30, 2042 deadline for traditional qualified data centers.

Requires qualified large-scale data centers to obtain green building certification (BREEAM, LEED, Energy Star, or similar standards) within three years of being placed in service.

Expands existing data center exemptions to cover enterprise information technology equipment, computer software, and electricity used in qualified large-scale data centers.

Effective for all sales and purchases made after June 30, 2024, with the purpose stated as creating jobs in construction and data center industries.