Introduced
by
To establish that the effect of tax revenue that is not collected due to selective tax breaks granted to a “data center” must be limited to non-school budgets only. Specifically, this and House Bill 5187 would require that tax revenue that would have gone to a state school aid fund, but was "forgone" because of sales and use tax breaks granted to “data centers,” must be “reimbursed” by transferring a comparable amount of revenue from other taxes to the school aid fund. This refers to benefits granted to a Nevada company that occupied the former Steelcase Pyramid building in Grand Rapids, and to other “data center” businesses under the political deal that authorized these privileges.
Referred to the Committee on Commerce and Tourism
Reported without amendment
Refer to the Committee on Ways and Means with the recommendation that the substitute (H-2) be adopted.
Referred to the Committee on Ways and Means
Reported without amendment
With the recommendation that the substitute (H-3) be adopted and that the bill then pass.
Passed in the House 96 to 11 (details)
Referred to the Committee on Economic and Small Business Development
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 34 to 3 (details)
To establish that the effect of tax revenue that is not collected due to selective tax breaks granted to a “data center” must be limited to non-school budgets only. Specifically, this and House Bill 5187 would require that tax revenue that would have gone to a state school aid fund, but was "forgone" because of sales and use tax breaks granted to “data centers,” must be “reimbursed” by transferring a comparable amount of revenue from other taxes to the school aid fund. This refers to benefits granted to a Nevada company that occupied the former Steelcase Pyramid building in Grand Rapids, and to other “data center” businesses under the political deal that authorized these privileges.
