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 introduces definitions for terms such as "approved data center facility," "data center equipment," and "fiber-optic cable equipment," and outlines the eligibility criteria for taxpayers to receive rebates. Specifically, it allows for the issuance of Direct Payment Numbers to taxpayers who enter into agreements with the state and meet specified qualifications. The bill also stipulates that approved data centers must create a minimum of fifty new jobs and invest at least $200 million in capital within a defined timeframe to qualify for rebates.

Additionally, the bill specifies that rebates will be available for purchases made on or after July 1, 2024, and outlines the process for requesting these rebates from both state and local authorities. It includes provisions for the recapture of rebates if the data center fails to meet its obligations. The Department of Economic Development is tasked with certifying approved data centers, while the Department of Revenue will handle the processing of rebate requests. The effective date for this legislation is set for July 1, 2024.

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