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Committee approves amended data-center incentives bill with reporting clarifications
Summary
The committee adopted an amendment and passed a data-center bill that updates investment and payroll thresholds, lowers an investment trigger, requires positive cost-benefit analysis and clarifies handling of confidential documentation transferred to DFA for auditing.
The Revenue & Tax committee adopted an amendment and approved legislation updating the state's data-center tax-exemption framework, including investment and payroll thresholds and clarifying the use of confidential documentation when responsibilities move to the Department of Finance and Administration.
Paul Gehring of the Department of Finance and Administration explained the amendment adopted in committee clarifies that, where HB…
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