TN HB1535 | 2015-2016 | 109th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 5-0)
Status: Passed on May 2 2016 - 100% progression
Action: 2016-05-02 - Comp. became Pub. Ch. 1001
Text: Latest bill text (Draft #2) [PDF]

Summary

As enacted, reduces the capital investment requirement for eligibility for qualified data center sales and use tax exemptions from $250 million to $100 million; exempts cooling equipment and backup power equipment sold or used by qualified data centers from the sales and use tax; requires qualified data center that applies for job tax credits to certify that it has not, within the previous 12 months, been found to be in violation of certain laws. - Amends TCA Title 67, Chapter 6.

Tracking Information

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Title

As enacted, reduces the capital investment requirement for eligibility for qualified data center sales and use tax exemptions from $250 million to $100 million; exempts cooling equipment and backup power equipment sold or used by qualified data centers from the sales and use tax; requires qualified data center that applies for job tax credits to certify that it has not, within the previous 12 months, been found to be in violation of certain laws. - Amends TCA Title 67, Chapter 6.

Sponsors


History

DateChamberAction
2016-05-02 Comp. became Pub. Ch. 1001
2016-04-13HouseSponsor(s) Added.
2016-04-13HouseComp. SB subst.
2016-04-11HouseH. Placed on Regular Calendar for 4/13/2016
2016-04-11HouseReset on next avail. cal.
2016-04-11HouseSponsor(s) Added.
2016-04-07HouseH. Placed on Regular Calendar for 4/11/2016
2016-04-06HousePlaced on cal. Calendar & Rules Committee for 4/7/2016
2016-03-22HouseRec. for pass. if am., ref. to Calendar & Rules Committee
2016-03-16HousePlaced on cal. Finance, Ways & Means Committee for 3/22/2016
2016-03-16HouseRec for pass if am by s/c ref. to Finance, Ways & Means Committee
2016-03-09HousePlaced on s/c cal Finance, Ways & Means Subcommittee for 3/16/2016
2016-03-09HouseAction Def. in s/c Finance, Ways & Means Subcommittee to 3/16/2016
2016-03-02HousePlaced on s/c cal Finance, Ways & Means Subcommittee for 3/9/2016
2016-01-21HouseSponsor(s) Added.
2016-01-19HouseAssigned to s/c Finance, Ways & Means Subcommittee
2016-01-14HouseP2C, ref. to Finance, Ways & Means Committee
2016-01-13HouseIntro., P1C.
2016-01-12HouseFiled for intro.

Same As/Similar To

SB2537 (Crossfiled) 2016-05-02 - Pub. Ch. 1001

Subjects


Tennessee State Sources


Bill Comments

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