summary
Introduced
03/14/2024
03/14/2024
In Committee
03/14/2024
03/14/2024
Crossed Over
Passed
Dead
05/20/2024
05/20/2024
Introduced Session
93rd Legislature 2023-2024
Bill Summary
A bill for an act relating to taxation; sales and use; modifying the exemption for data centers; amending Minnesota Statutes 2022, sections 297A.68, subdivision 42; 297A.75, subdivision 1.
AI Summary
This bill modifies the sales and use tax exemption for data centers in Minnesota. It expands the exemption to include "qualified large-scale data centers" in addition to the existing "qualified data centers" and "qualified refurbished data centers." The bill sets new requirements for a data center to qualify for the exemption, including a higher minimum investment threshold of $250 million for large-scale data centers. The bill also requires qualified large-scale data centers to obtain certain sustainable design or green building certifications within three years of being placed in service. The effective date for these changes is July 1, 2024.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Author added Nelson (on 04/08/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF4983&ssn=0&y=2023 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF4983&version=0&session=ls93&session_year=2024&session_number=0&format=pdf |
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