Bill Texts: IN HB1088 | 2019 | Regular Session

Bill Title: Sales tax exemption for data warehouse equipment. Provides a state sales and use tax exemption (exemption) for the purchase of certain enterprise information technology equipment and the sale of electricity used to operate the enterprise information technology equipment. Provides that, to be eligible for the exemption, a business must invest in the aggregate at least $10,000,000 in enterprise information technology equipment that will be located at one or more data centers in Indiana. Requires the Indiana economic development corporation (IEDC) to take applications for the exemption and certify an entity as a business eligible for the exemption. Provides that the IEDC may not certify eligible businesses after June 30, 2029. Provides that a business once certified by the IEDC may use the exemption for purchases of enterprise information technology equipment after June 30, 2029. Sunsets the sales and use tax exemption for the sale of electricity used to operate the enterprise information technology equipment on June 30, 2029.

Spectrum: Slight Partisan Bill (Republican 2-1)

Status: (Introduced - Dead) 2019-01-16 - Representative Wright added as coauthor [HB1088 Detail]

Bill Drafts

RevisionDateFormatSourceView
Introduced2019-01-02PDFLinkView

Amendments

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No bill amendments currently on file for Indiana HB1088

Supplemental Documents

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No supplemental documents for Indiana HB1088 currently on file.

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