NC H66

Creates sales tax exemption for electricity used at qualifying datacenters and datacenter-support equipment including power systems, HVAC equipment, and computer hardware.

Requires qualifying datacenters to meet wage and health insurance standards under G.S. 143B-437.08A and have at least $75,000,000 in private investment within five years of first investment on or after January 1, 2012.

Exemption is forfeited if required investment level is not timely made, equipment is not located at the qualifying datacenter, or electricity is not used at the qualifying datacenter.

Taxpayers forfeiting exemptions are liable for all past taxes avoided plus interest at the rate established under G.S. 105-241.21, due 30 days after forfeiture notice.

Effective July 1, 2015, applying to sales made on or after that date.