Ohio HB957 prohibits new sales tax exemptions for data centers from being granted.

Ohio HB957 amends the Revised Code to prevent new sales tax exemptions for data centers from being granted. The bill specifies that no new exemptions can be provided for computer data center equipment used or to be used at an eligible computer data center. The legislation also outlines the conditions under which an agreement for exemption can be made, including requirements for capital investment, employment, and tax withholding. The bill further details the process for reviewing applications, the role of the tax credit authority, and the responsibilities of taxpayers subject to the agreement.

Ohio HB957 prohibits new sales tax exemptions for data centers from being granted.

Ohio HB957 amends the Revised Code to prevent new sales tax exemptions for data centers from being granted. The bill specifies that no new exemptions can be provided for computer data center equipment used or to be used at an eligible computer data center. The legislation also outlines the conditions under which an agreement for exemption can be made, including requirements for capital investment, employment, and tax withholding. The bill further details the process for reviewing applications, the role of the tax credit authority, and the responsibilities of taxpayers subject to the agreement.