Maryland HB560 repeals sales and use tax exemptions for qualified data centers and property tax reductions for related personal property.

Maryland HB560 repeals the sales and use tax exemption for certain sales of personal property used in qualified data centers and the property tax reduction for related personal property. The bill defines "qualified data center" and "qualified data center personal property" and eliminates the authorization for county or municipal governing bodies to reduce or eliminate the assessment of certain personal property used in qualified data centers. The repeal generally affects entities that previously qualified for these tax exemptions.

Maryland HB560 repeals sales and use tax exemptions for qualified data centers and property tax reductions for related personal property.

Maryland HB560 repeals the sales and use tax exemption for certain sales of personal property used in qualified data centers and the property tax reduction for related personal property. The bill defines "qualified data center" and "qualified data center personal property" and eliminates the authorization for county or municipal governing bodies to reduce or eliminate the assessment of certain personal property used in qualified data centers. The repeal generally affects entities that previously qualified for these tax exemptions.