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. It 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, a Direct Payment Number will be issued to taxpayers who enter into agreements with the state under R.S. 47:305.73, provided they meet the necessary qualifications. The bill also specifies that only purchases made on or after July 1, 2024, will be eligible for these rebates.

Additionally, the bill stipulates that approved data center facilities must create a minimum of fifty new direct, permanent jobs and invest at least two hundred million dollars in capital in Louisiana to qualify for rebates. The rebates will cover state and local sales and use taxes paid for eligible data center equipment and related expenditures. The Department of Economic Development will oversee the certification of approved data centers, and the bill includes provisions for the recapture of rebates if the facilities fail to meet their obligations. 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: