TN SB2537

Legislative Description

As enacted, reduces the capital investment requirement for eligibility for qualified data center sales and use tax exemptions from $250 million to $100 million; exempts cooling equipment and backup power equipment sold or used by qualified data centers from the sales and use tax; requires qualified data center that applies for job tax credits to certify that it has not, within the previous 12 months, been found to be in violation of certain laws. - Amends TCA Title 67, Chapter 6.

Taxes, Exemption and Credits

Last Action

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