Bill > SB0237

This bill amends a 1937 law to modify and extend a sunset on the use tax exemption for data center equipment used by an enterprise data center in Michigan. The key provisions are: - Extends the exemption from use tax on data center equipment for qualified data centers and enterprise data centers in Michigan through 2050 or 2065, depending on the location of the facility. - Establishes criteria for an "enterprise data center" to qualify for the exemption, including minimum capital investment, job creation, and environmental standards. - Requires the Michigan Strategic Fund to review and certify applications for enterprise data center status, monitor compliance, and revoke certificates if the facility no longer meets the requirements. - Prohibits enterprise data centers from receiving certain state or local property tax benefits, unless approved by local governing bodies. - Encourages data centers to adopt practices to mitigate environmental impacts. - Sunsets the ability of the Michigan Strategic Fund to issue new enterprise data center certificates after December 31, 2029.