House File 2305      



                                    HOUSE FILE       
                                    BY  COMMITTEE ON ECONOMIC
                                        GROWTH

                                    (SUCCESSOR TO HSB 593)

                                         A BILL FOR

     1 An Act relating to provisions authorizing sales and use tax
     2    exemptions and refunds for a data center business, and
     3    including effective date provisions.
     4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
       TLSB 5406HV (2) 83
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PAG LIN



  1  1    Section 1.  Section 423.3, subsection 95, paragraph e,
  1  2 Code Supplement 2009, is amended by adding the following new
  1  3 subparagraph:
  1  4 NEW SUBPARAGRAPH.  (3)  "Rehabilitated" means a process
  1  5 of substantial repair, remodeling, or alteration, which may
  1  6 include but is not limited to upgrading mechanical systems,
  1  7 plumbing, roofing, wiring, windows, heating and cooling
  1  8 systems, and performing significant interior or exterior
  1  9 structural modification.  Although they may be included as part
  1 10 of an overall rehabilitation project, singular actions such
  1 11 as the installation of a new information system or cosmetic
  1 12 changes to the interior or exterior appearance of a building do
  1 13 not, in and of themselves, constitute a rehabilitated building.
  1 14    Sec. 2.  EFFECTIVE UPON ENACTMENT.  This Act, being deemed of
  1 15 immediate importance, takes effect upon enactment.
  1 16                           EXPLANATION
  1 17    This bill relates to provisions authorizing sales and use
  1 18 tax exemptions and refunds for data center businesses under
  1 19 specified circumstances.
  1 20    Code section 423.3, subsection 95, paragraph "e", defines a
  1 21 "data center" to mean a building rehabilitated or constructed
  1 22 for specified purposes.  Currently, "rehabilitated" is
  1 23 undefined.  The bill defines "rehabilitated" to mean a process
  1 24 of substantial repair, remodeling, or alteration, which may
  1 25 include but is not limited to upgrading mechanical systems,
  1 26 plumbing, roofing, wiring, windows, heating and cooling
  1 27 systems, and performing significant interior or exterior
  1 28 structural modification.  The bill states that singular
  1 29 actions such as the installation of a new information system or
  1 30 cosmetic changes to the interior or exterior appearance of a
  1 31 building shall not constitute a rehabilitated building.
  1 32    The bill takes effect upon enactment.
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