Michigan SB0643 amends the General Sales Tax Act to reflect the elimination of the Michigan Strategic Fund.

Michigan SB0643 amends the General Sales Tax Act to reflect the elimination of the Michigan Strategic Fund. The bill modifies the tax exemption for data center equipment, ensuring that the exemption continues to apply under specific conditions. It details the criteria for qualifying data centers, including energy procurement, job creation, and capital investment. The bill also outlines the process for applying for and revoking certificates for enterprise data centers. The changes are effective from April 17, 2025, through December 31, 2050, unless Senate Bill No.

Michigan SB0643 amends the General Sales Tax Act to reflect the elimination of the Michigan Strategic Fund.

Michigan SB0643 amends the General Sales Tax Act to reflect the elimination of the Michigan Strategic Fund. The bill modifies the tax exemption for data center equipment, ensuring that the exemption continues to apply under specific conditions. It details the criteria for qualifying data centers, including energy procurement, job creation, and capital investment. The bill also outlines the process for applying for and revoking certificates for enterprise data centers. The changes are effective from April 17, 2025, through December 31, 2050, unless Senate Bill No.