provide a sales and use tax refund for goods and services related to data center operations.
What changed between versions
Added detailed definitions for key terms including computer software, data center, enterprise information technology equipment, initial furnishment, qualifying date, qualified business, qualified data center, and substantial refurbishment.
Established eligibility criteria requiring data centers to be located in South Dakota, have a primary purpose of containing data centers, and meet infrastructure requirements like uninterruptible power supplies and fire suppression systems.
Set a deadline of July 1, 2029 for the qualifying date (when initial construction begins) and established a twenty-year refund period starting from the qualifying date.
Limited the initial furnishment cost threshold to $500 million and created a refund program for enterprise IT equipment and computer software purchases.
Added documentation requirements where future qualified businesses must submit evidence to the Governor's Office of Economic Development to verify plans and obtain eligibility determination.
Required qualified data center owners to provide documentation to co-located operators or tenants to verify the center meets qualified data center definitions.
