SB17-299 - Apportionment Of Income Of Enterprise Data Centers

Passed/Signed into Law
Concerning the apportionment of income for state income tax for taxpayers with enterprise data centers in the state.

The bill allows a taxpayer that makes a capital investment in an enterprise data center operation in the state of a specified dollar amount within a consecutive 5-year period to enter into a memorandum of understanding with the office of economic development to transition to a different apportionment method for apportioning the income of the taxpayer. The memorandum of understanding must describe the amount of the capital investment and any other investments or actions on the part of the taxpayer that will support the economic development of the state. The bill specifies that a transition schedule must be included in the memorandum of understanding.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)


Latest update: June 5, 2017
06/05/2017 - Governor Signed
05/19/2017 - Sent to the Governor
05/19/2017 - Signed by the Speaker of the House
05/19/2017 - Signed by the President of the Senate
05/10/2017 - House Third Reading Passed - No Amendments
05/09/2017 - House Second Reading Special Order - Passed - No Amendments
05/08/2017 - House Second Reading Special Order - Laid Over to 05/09/2017 - No Amendments
05/05/2017 - House Committee on Appropriations Refer Unamended to House Committee of the Whole
05/04/2017 - House Committee on Finance Refer Unamended to Appropriations
05/03/2017 - Introduced In House - Assigned to Finance + Appropriations
05/03/2017 - Senate Third Reading Passed - No Amendments
05/02/2017 - Senate Second Reading Special Order - Passed with Amendments - Committee, Floor
05/02/2017 - Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
04/27/2017 - Senate Committee on Finance Refer Amended to Appropriations
04/24/2017 - Introduced In Senate - Assigned to Finance