Bill > S1958

This bill aims to provide a sales and use tax exemption for qualified data centers in the Commonwealth of Massachusetts. The key provisions are: 1. The Secretary of Housing and Economic Development, in consultation with the Commissioner of Revenue, will establish qualifications for data centers to be certified as "qualified data centers" and eligible for the sales and use tax exemption. 2. Data center owners or operators must apply to the Secretary for certification, providing details on the data center's location, size, investment, and job creation. 3. The Secretary has 60 days to review and either certify the data center as qualified or provide reasons for denial, with the option for the applicant to cure any deficiencies. 4. The sales and use tax exemption applies to eligible data center equipment, computer software, electricity, and construction costs for qualified data centers. The exemption period lasts 20 years from the date of certification. 5. The Secretary and Commissioner can revoke the certification if the data center is found to be in "material noncompliance" with the requirements, disallowing any previously granted tax benefits. 6. The data center owner must file a report prior to the 10th year of the exemption period to demonstrate it has met the investment and job creation requirements.