HB 2532
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 House
- Passed Senate
- 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 the transfer of certain sales and use taxes paid on 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.
Key provisions
- Repeals the Computer Data Center Equipment Incentive Program.
- Creates a restricted account in the Motor License Fund.
- Establishes a certification process for computer data centers to receive tax exemptions.
- Provides for a transfer of sales and use tax revenue from computer data center equipment sales to reduce the oil company franchise tax.
- Defines key terms related to computer data centers and equipment.
- Sets a timeline for the transfer of tax revenue (by September 30, 2027).
- Specifies eligibility requirements for computer data centers to receive tax exemptions.
- Establishes a qualification period for certification.
Who is affected
- Businesses operating computer data centers
- Individuals purchasing computer data center equipment
- The Commonwealth of Pennsylvania (through tax revenue adjustments)
- Motor License Fund recipients
- Oil companies
Notable changes
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