Title
AN ACT CONCERNING QUALIFIED DATA CENTERS - PERSONAL PROPERTY TAX EXEMPTION for the purpose of reducing and restructuring the personal property tax exemption on the personal property of a Qualified Data Center; defining certain terms; providing for certain amounts of personal property tax exemptions under certain conditions; requiring compliance with certain supplier diversity, County-based small business, and County resident employment conditions as a condition of a certain reduction in assessment; requiring a certain annual certification; providing that a certain reduction in assessment shall not apply under certain circumstances; providing for certain penalties; requiring a certain annual report; requiring a certain notice; and generally relating to personal property tax exemptions on qualified data centers.
Body
FOR USE BY COUNCIL ADMINISTRATION:
Confidential: Yes
Requested by: Thomas Dernoga
Assigned to:Josh Hamlin
Legislastion Type: (Bill/Resolution/Agenda Letter)
Need by Date: Soon. Draft bill attached.
Background Necessitating Legislation:
When the Council was briefed in 2020 about the proposal to reduce personal property taxes on qualified data centers it was unaware of the many negative consequences that could be associated with such development. The Council should revisit the discussion and consider reducing or eliminating the exempti
Sample language: Draft bill attached.
Special Instructions/Concerns/Time Critical Information:
Agencies or Individuals to Contact:
1.
2.
3.
Comments/Notes:
AN ACT concerning Qualified Data Centers - Personal Property Tax Exemption for the purpose of reducing and restructuring the personal property tax exemption on the personal property of a Qualified Data Center; defining certain terms; providing for certain amounts of personal property tax exemptions under certain conditions; requiring compliance with certain supplier diversity, County-based small business, and County resident employme...
Click here for full text