SB 1344
An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, repealing provisions relating to computer data center equipment incentive program; in general provisions, providing for transfer of tax from certain sale of computer data equipment; and establishing a restricted account in the Motor License Fund.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill repeals a program that previously offered tax incentives for computer data centers. It establishes a restricted account in the Motor License Fund and provides for a transfer of tax revenue from sales of computer data center equipment to reduce the oil company franchise tax. The bill also creates a certification process for computer data centers to qualify for tax exemptions on equipment purchases.
Key provisions
- Repeals the Computer Data Center Equipment Incentive Program.
- Creates a restricted account in the Motor License Fund to transfer tax revenue from computer data center equipment sales.
- Establishes a certification process for computer data centers to receive tax exemptions.
- Defines key terms related to computer data centers, such as ‘computer data center equipment’ and ‘qualified tenant.’
- Specifies eligibility requirements for computer data centers to receive certification, including investment levels and employee compensation.
- Sets a timeline for the transfer of tax revenue from the Motor License Fund.
- Provides for a reduction in the oil company franchise tax for highway maintenance and construction.
- Establishes a deadline for the certification process.
Who is affected
- Businesses operating computer data centers
- Individuals purchasing computer data center equipment
- The Commonwealth of Pennsylvania (through the Motor License Fund)
- Oil companies (through reduced tax rates)
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