Washington HB2708 removes tax exemption for replacement of equipment in data centers.

Washington HB2708 removes the tax exemption for the replacement of equipment in data centers. The bill limits the exemption to data centers with specific characteristics and requires businesses to meet employment and construction standards. The exemption is available on a first-in-time basis and expires on July 1, 2048. The bill also mandates that qualifying businesses and tenants adopt practices to mitigate environmental impacts.

Washington HB2708 removes tax exemption for replacement of equipment in data centers.

Washington HB2708 removes the tax exemption for the replacement of equipment in data centers. The bill limits the exemption to data centers with specific characteristics and requires businesses to meet employment and construction standards. The exemption is available on a first-in-time basis and expires on July 1, 2048. The bill also mandates that qualifying businesses and tenants adopt practices to mitigate environmental impacts.