Bill > S2346

This bill establishes property, tangible, sales, and use tax exemptions as incentives for qualified data centers to locate in Rhode Island, requiring a minimum investment of $200 million in designated enterprise zones or $400 million elsewhere, with application and approval processes managed by the Rhode Island Commerce Corporation. The bill defines key terms like "qualified data center," "eligible qualified data center costs," and "qualified data center equipment," and amends existing laws to include these definitions and exemptions, notably adding a new section to Chapter 42-64 of the General Laws to outline the certification process for these tax benefits, which will be valid for 30 years. Additionally, it amends the sales and use tax exemptions to include qualified data center equipment and modifies labor standards for renewable energy projects to also apply to qualified data centers, with all provisions taking effect upon passage.