Maryland SB427 allows counties to create a subclass and set a special tax rate for personal property of qualified data centers.

Maryland SB427 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. A qualified data center is defined as a facility where equipment, space, and bandwidth are leased to multiple customers or an enterprise data center owned and operated by the company it supports. The bill specifies investment thresholds and job creation criteria for data centers located in different areas of the state.

Maryland SB427 allows counties to create a subclass and set a special tax rate for personal property of qualified data centers.

Maryland SB427 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. A qualified data center is defined as a facility where equipment, space, and bandwidth are leased to multiple customers or an enterprise data center owned and operated by the company it supports. The bill specifies investment thresholds and job creation criteria for data centers located in different areas of the state.