Tax abatements for data processing centers, exemption period limited, collection of certain taxes on purchases required, sunset date extended

Summary

The bill lets data processing centers receive longer tax breaks—up to 30 years—provided they meet investment thresholds and sign a binding agreement to make qualified local improvements. The agreement must be approved by the state revenue and commerce departments and the local governing body, ensuring the projects benefit the community.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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