Taxes, Sales - As enacted, redefines a "qualified data center," for purposes of sales and use taxes, to include a data center that previously made the required capital investment in excess of $100 million and previously created at least 15 net new full-time employee jobs and the data center is transferred to an affiliate pursuant to a corporate reorganization under the Internal Revenue Code. - Amends TCA Section 67-6-102.
It became law on May 13, 2024.
- Stage
- Became law
- Started in
- House
- Latest action
- May 13, 2024
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It is law in Tennessee. What happens now is up to the agency that carries it out, the courts, and the place itself.