The bill amends section 122.175 of the Revised Code to prohibit the granting of new sales tax exemptions for data centers. It establishes that the tax credit authority may no longer provide complete or partial exemptions from taxes levied under Chapters 5739 and 5741 for the sale, storage, use, or consumption of computer data center equipment. The bill also includes a deadline for the tax credit authority to enter into agreements for exemptions, specifying that such agreements must be made before October 1, 2026.

Additionally, the bill repeals the existing section 122.175 of the Revised Code, effectively removing the previous framework that allowed for tax exemptions for data centers. This legislative change aims to tighten regulations surrounding tax incentives for data centers, reflecting a shift in policy regarding economic support for this sector.

Statutes affected:
As Introduced: 122.175