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House approves concurrence on ‘quantum quarter’ tax incentive bill with tighter investment thresholds
Summary
The Indiana House approved a concurrence to House Bill 16-01 on April 21, tightening the scope of a sales-tax exemption dubbed the “quantum quarter” and setting large investment thresholds for qualifying data centers.
The Indiana House on April 21 approved a concurrence to House Bill 16-01, a tax-incentive bill that changes exemptions and investment thresholds tied to a so-called “quantum quarter” incentive.
Representative Holly, speaking for the motion, said the Senate made three substantive changes: the measure’s effective date was changed to an emergency effective date; the bill clarified that the “quantum quarter” exemption cannot be…
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