Economic development: other; use tax act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 4cc of 1937 PA 94 (MCL 205.94cc). TIE BAR WITH: SB 0631'25
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Progress
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- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill modifies the Use Tax Act to reflect the elimination of the Michigan Strategic Fund. It establishes a series of requirements and exemptions related to the storage, use, and consumption of data center equipment. Specifically, it links the exemption to the creation of data center jobs within Michigan and requires certified data centers to demonstrate ongoing compliance with green building standards and clean energy procurement. The bill also outlines reporting requirements and potential fees associated with the certificate process.
Key provisions
- Eliminates the Michigan Strategic Fund's involvement in data center equipment tax exemptions.
- Establishes job creation requirements (400 or 1000 data center industry jobs) to maintain exemption eligibility after January 1, 2016 and 2026, respectively.
- Requires certified data centers to report on employment, capital investment, and tax withholding to the Michigan Strategic Fund.
- Mandates the use of clean energy (90% equivalent) to maintain exemption eligibility.
- Sets forth requirements for green building certifications (e.g., BREEAM, ENERGY STAR).
- Includes provisions for revocation of certificates if facilities no longer meet criteria.
- Details fees that the Michigan Strategic Fund can charge to administer the certificate process.
- Requires facilities to demonstrate they are not receiving tax benefits through property tax exemptions.
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