Staff Analysis of the Legislation
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This bill provides exemptions from state and local sales tax for a period of ten years for electricity and equipment used for data centers. Although the legislative intent provision refers only to state sales taxes, the electricity exemption would in fact apply to all local sales taxes except ESPLOST and the equipment exemption would in fact apply to all local sales taxes. It should also be noted that electricity which is exempted under this new provision will not be subject to the local energy excise tax. |
