Transcription of HOUSEBILLNO.217 …
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;AMENDINGCHAPTER36,TITLE63,IDAHOCODE,2 BYTHEADDITIONOFANEWSECTION63-3642,IDAHOC ODE,TOPROVIDEASALES3 ANDUSETAXREBATETODEVELOPERSOFCERTAININFO RMATIONTECHNOLOGY4 COMPANIES,TOPROVIDEDEFINITIONS,ANDTOESTA BLISHPROVISIONS,PROCE-5 DURESANDRULESREGARDINGAREBATEAPPLICATION ; ,Title63,IdahoCode,be,andthesameis9hereb yamendedbytheadditiontheretoofaNEWSECTIO N,tobeknownanddes-10ignatedasSection63-3 642,IdahoCode, (1)As12providedinandsubjecttothelimitati onsofthissection, (2)(a)Abusinessentityseekingarebateunder thissectionmust:16(i)Ifanexistingdatacen terinIdahopriortoJanuary1, 2017 ,17investa tleastonemilliondollars($1,000,000)intot alpur-18chasesofeligibleserverequipment, inacalendaryear,thatis19deliveredtoIdaho byDecember31ofthecalendaryeartherebate20 isrequested;21(ii)IfcreatedinIdahoonoraf terJanuary1, 2017 ,investat22leasttwenty-f ivemilliondollars($25,000,000)incapitali n-23vestmentwithinthefirstfive(5)calenda ryearsofconstruction24andcreateandmainta inatleasttwenty(20)newjobsatthedata25cen terwithintwo(2)calendaryearsofoperation; or26(iii)Ifcollocatingwithabusinessopera tingadatacenter,in-27vestandpayIdahosale sorusetaxonatleastonemilliondollars28($1 ,000,000)intotalpurchasesofeligibleserve requipment,in29acalendaryear, (b)Afterqualifyingforarebatebasedoncapit alinvestmentandjob32creation,abusinessen titycreatedinIdahoonorafterJanuary1,3320 17.
4 AND USE TAX REBATE TO DEVELOPERS OF CERTAIN INFORMATION TECHNOLOGY ... HOUSE BILL NO.217 (2017) - Sales and use tax rebate, info …
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