summary
Introduced
01/21/2025
01/21/2025
In Committee
04/01/2025
04/01/2025
Crossed Over
02/19/2025
02/19/2025
Passed
04/16/2025
04/16/2025
Dead
Signed/Enacted/Adopted
05/01/2025
05/01/2025
Introduced Session
2025 Regular Session
Bill Summary
Quantum research tax incentives. Amends the state sales and use tax exemption for data centers to include projects for investments in a quantum computing research, advanced computing, and defense infrastructure network that result in a minimum qualified investment within five years of at least $50,000,000.
AI Summary
This bill provides tax incentives and legal framework for quantum computing research, advanced computing, and defense infrastructure networks in Indiana. The legislation expands existing data center tax exemption rules to include quantum-related infrastructure, defining new terms such as "quantum safe fiber network" and "advanced computing". Specifically, the bill offers property tax exemptions for businesses that invest at least $100 million in quantum-related facilities in Indiana, with employees earning at least 125% of the county average wage. The quantum infrastructure must meet strict technical requirements, including using American-made equipment, maintaining specific network characteristics, and connecting to military installations, research universities, or the I-Light network. The bill allows local government bodies to enter into agreements with eligible businesses to grant property tax exemptions, with certificates potentially lasting up to 50 years for investments of $50 million or more. The legislation aims to attract quantum computing and advanced computing investments to Indiana by providing significant tax incentives and creating a comprehensive regulatory framework for such technological infrastructure, with a particular focus on supporting defense and research applications.
Committee Categories
Budget and Finance
Sponsors (10)
Ed Soliday (R)*,
Brian Buchanan (R),
Justin Busch (R),
Greg Goode (R),
David Hall (R),
Travis Holdman (R),
Carolyn Jackson (D),
Eric Koch (R),
Jim Pressel (R),
Lonnie Randolph (D),
Last Action
Public Law 178 (on 05/01/2025)
Official Document
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