Text: HF2304            Text: HF2306
Complete Bill History


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 rn/sc 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. LSB 5406HV (2) 83 rn/sc
Text: HF2304            Text: HF2306 Complete Bill History