|Posted:||March 4, 2015 01:49 PM|
|From:||Representative Tedd C. Nesbit|
|To:||All House members|
|Subject:||Data Center Investment Incentive Program|
|In the near future I intend to reintroduce legislation (prior HB 2407 of the 2013-14 Session sponsored by Rep. Richard Stevenson) establishing a sales and use tax exemption program for data center equipment purchases in an effort to reduce neighboring states’ competitive advantage in attracting large, high-tech capital investments. Currently, 17 states including Ohio, Virginia, and West Virginia offer sales tax exemptions to incentivize data center investments.
Under my proposal, eligible data center owners, operators and tenants must have a combined minimum employee payroll of $1 million within four years of program certification by the Department of Community and Economic Development. Further, a combined minimum new capital investment must be achieved within four years of certification by DCED as follows:
Please join me in cosponsoring this legislation.
Previous Cosponsors (HB 2407): STEVENSON , THOMAS , LUCAS, SCHREIBER, HARHART , FLECK , GINGRICH and MURT
Introduced as HB1120