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 "qualified data centers" and "qualified refurbished data centers." A qualified large-scale data center is defined as a facility in Minnesota with at least 25,000 square feet of space and at least $250 million in construction, equipment, and software costs over a 60-month period. The bill also requires qualified large-scale data centers to attain certain sustainability certifications within three years of being placed in service. The effective date for the changes in the bill is for sales and purchases made after June 30, 2024.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Introduction and first reading, referred to Taxes (on 03/14/2024)
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=House&f=HF4929&ssn=0&y=2023 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF4929&version=0&session=ls93&session_year=2024&session_number=0&format=pdf |
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