Loading chat...
NC H1958
Bill
Status
5/24/2010
Primary Sponsor
Pearl Burris-Floyd
Click for details
AI Summary
-
Expands the definition of "datacenter" to include facilities on noncontiguous parcels of land that are commonly owned or connected by fiber optic links and operate as a single unit.
-
Broadens eligibility for "eligible Internet datacenter" to include businesses engaged in Internet service provision, Web-based content publishing, and search engine operations, rather than limiting to a single NAICS industry classification.
-
Adds paper-from-pulp manufacturing and turbine/turbine generator set manufacturing as eligible industrial facilities for sales and use tax refunds, with paper manufacturers required to create at least 200 jobs and maintain county-average wages.
-
Modifies datacenter investment thresholds: $150 million for tier one development areas and $300 million for other areas, with terminology clarified to specify "datacenters" rather than general "facilities."
-
Effective July 1, 2010 for all sales made on or after that date.
Legislative Description
Keeping NC Competitive Act
Last Action
Ref to the Com on Commerce, Small Business, and Entrepreneurship, if favorable, Finance
5/25/2010