Indiana Governor Signs Law Creating Innovative Data Center Tax Incentive
The move is expected to help state attract cutting edge business.
Indiana Governor Eric J. Holcomb has formally signed the Indiana Data Center Taxation Incentive at an official signing ceremony in Indianapolis, the result of a collaborative effort between Digital Crossroads Data Center and other leading technology businesses and organizations.
The new law makes Indiana the most competitive state in the nation for new data centers by offering tax exemptions for energy and equipment for up to 50 years for new facilities constructed in Indiana; the longest exemption period available in any state.
“Indiana is on the leading edge of the digital economy and is already attracting substantial investment from data centers and numerous and large technology companies,” said Peter Feldman, chief executive officer of Digital Crossroads. “By providing exemptions on sales tax for equipment, information technology hardware, software and infrastructure as well as electricity, Gov. Holcomb is helping to ensure businesses like Digital Crossroads, and all their potential customers, achieve their full potential.”
The new law will include powerful incentives that will help Indiana continue to attract data centers and other technology companies. The incentives primarily include sales tax exemptions for such things as electricity, data center equipment and construction/build-out costs.
“The Indiana legislature has been working for 13 years to pass this type of data center incentive legislation and Digital Crossroads is delighted this legislation is now in effect,” said Thomas P. Dakich of Digital Crossroads. “Gov. Holcomb and Rep. Edmund Soliday (R-Valparaiso) showed tremendous leadership in the passage of these incentives and Hoosiers will quickly see an enhancement of the local economies by data center expansion that will bring jobs and progress to the area.”