This bill amends and reenacts R.S. 47:305.73 and enacts R.S. 47:303.1(B)(5) to establish a state and local sales and use tax rebate for certain communications service equipment and data center equipment in Louisiana. The bill defines key terms related to data centers and their equipment, including "approved data center facility," "data center equipment," and "fiber-optic cable equipment." It stipulates that a Direct Payment Number (DP Number) will be issued to taxpayers who enter into agreements with the state under R.S. 47:305.73, allowing them to possess the DP Number for the duration of the agreement. The bill also outlines eligibility criteria for rebates, including the requirement for approved data centers to create a minimum of fifty new jobs and invest at least $200 million in capital.

Additionally, the bill specifies that rebates will be available for purchases made on or after July 1, 2024, and establishes conditions under which rebates can be recaptured if the data center fails to meet its obligations. It mandates that requests for rebates be processed by the Department of Revenue and local taxing authorities, with documentation required to substantiate eligibility. The bill aims to incentivize investment in data centers and fiber-optic infrastructure in Louisiana, thereby enhancing the state's technological capabilities and economic development.

Statutes affected:
HB827 Original:
HB827 Engrossed:
HB827 Reengrossed:
HB827 Enrolled:
HB827 Act 730: