Senate Amendment 3
H 4087 - Session 125 (2023-2024)
Income tax credits

Senator Massey proposes the following amendment (SR-4087.KM0025S):

Amend the bill, as and if amended, by adding an appropriately numbered SECTION to read:

SECTION X.  Beginning on July 1, 2025 and ending on July 1, 2026, political subdivisions are prohibited from offering new economic incentives intended to induce a datacenter to locate or to expand operations in this State that require the expenditure of public funds, the transfer of anything of value, that reduce the rate or alter the method of taxation of the datacenter, or that otherwise impact the political subdivision fiscally. This prohibition does not prohibit political subdivisions from honoring incentives for potential or existing datacenters agreed to prior to July 1, 2025.