Rhode Island H7695 establishes property, tangible, sales, and use tax exemptions for qualified data centers to incentivize their location in the.

Rhode Island H7695 creates tax exemptions for qualified data centers to encourage their establishment in Rhode Island. The bill defines a qualified data center as a facility housing networked computer services. To qualify, the owner or operator must invest at least $200 million in a data center located in an enterprise zone or $400 million if not. Additionally, the owner or operator must spend at least $30 million on direct or indirect labor and invest $10 million in renewable energy resources or energy storage systems.

Rhode Island H7695 establishes property, tangible, sales, and use tax exemptions for qualified data centers to incentivize their location in the.

Rhode Island H7695 creates tax exemptions for qualified data centers to encourage their establishment in Rhode Island. The bill defines a qualified data center as a facility housing networked computer services. To qualify, the owner or operator must invest at least $200 million in a data center located in an enterprise zone or $400 million if not. Additionally, the owner or operator must spend at least $30 million on direct or indirect labor and invest $10 million in renewable energy resources or energy storage systems.