Indiana Code 6-2.5-15-15. Requirement for qualified data center user to enter into an agreement with the corporation; required provisions
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Sec. 15. The following apply if the corporation approves an application for a specific transaction award certificate:
(2) The agreement with the corporation must include:
(1) The corporation shall require the qualified data center user to enter into an agreement with the corporation as a condition of receiving a specific transaction award certificate under this chapter.
Terms Used In Indiana Code 6-2.5-15-15
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- corporation: refers to the Indiana economic development corporation established under IC 5-28-3, unless context clearly denotes otherwise. See Indiana Code 6-2.5-15-1
- data center equipment: means computer equipment or software purchased or leased for the processing, storage, retrieval, or communication of data that is preapproved by the corporation. See Indiana Code 6-2.5-15-2
- qualified data center: means one (1) or more buildings that:
Indiana Code 6-2.5-15-10
- qualified data center user: means an entity that is using qualified data center equipment. See Indiana Code 6-2.5-15-12
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(A) a detailed description of the project that is the subject of the agreement;
(B) the duration of the specific transaction award certificate and the first taxable year for which the award provided by this chapter may be used; and
(C) a requirement that the qualified data center user annually report to the corporation on the amount of taxes that were not paid by the qualified data center user in connection with the purchase of data center equipment.
As added by P.L.256-2019, SEC.2.