Michigan HB5791 modifies tax exemption requirements for enterprise data centers.

Michigan HB5791 amends the tax exemption requirements for enterprise data centers. It specifies that the Michigan Strategic Fund must issue a certificate to a facility to qualify for the exemption. The bill outlines criteria for the certificate, including the facility's location, capital investment, and compliance with green building standards. It also mandates that the facility must not receive property tax benefits and must use renewable energy sources. The bill sets an expiration date for the exemption and requires annual reporting and certification to maintain the exemption.

Michigan HB5791 modifies tax exemption requirements for enterprise data centers.

Michigan HB5791 amends the tax exemption requirements for enterprise data centers. It specifies that the Michigan Strategic Fund must issue a certificate to a facility to qualify for the exemption. The bill outlines criteria for the certificate, including the facility's location, capital investment, and compliance with green building standards. It also mandates that the facility must not receive property tax benefits and must use renewable energy sources. The bill sets an expiration date for the exemption and requires annual reporting and certification to maintain the exemption.