Maryland HB1595 allows counties to set a special tax rate for personal property of qualified data centers.

Maryland HB1595 grants the Mayor and City Council of Baltimore City or the governing body of a county the authority to establish a subclass of personal property for qualified data centers and set a special tax rate for this subclass. This bill defines a qualified data center as a facility housing computer systems, storage equipment, and infrastructure used for organizing, processing, storing, and disseminating large amounts of data. The special tax rate applies to data centers that meet specific investment and job creation criteria.

Maryland HB1595 allows counties to set a special tax rate for personal property of qualified data centers.

Maryland HB1595 grants the Mayor and City Council of Baltimore City or the governing body of a county the authority to establish a subclass of personal property for qualified data centers and set a special tax rate for this subclass. This bill defines a qualified data center as a facility housing computer systems, storage equipment, and infrastructure used for organizing, processing, storing, and disseminating large amounts of data. The special tax rate applies to data centers that meet specific investment and job creation criteria.