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Representative Pulse outlines SB 265 to shorten data‑center tax exemption to 20 years
Summary
Representative Pulse told the committee SB 265 (a companion to House Bill 399) would reduce the maximum tax‑exemption period for data‑center incentives from 30 years to 20 years, retain construction‑period sales‑and‑use abatements and limit ongoing abatements to operational IT equipment; the bill was carried over while amendments are drafted.
Representative Pulse told the committee that SB 265, a companion to House Bill 399, would shorten the maximum tax‑exemption period for data‑center incentives from 30 years to 20 years.
The sponsor said the bill would continue to allow sales‑and‑use…
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