This bill would amend the Internal Revenue Code of 1986 to exclude data centers from the definition of "qualified opportunity zone business." Available materials include the bill title, sponsor (Sen. Josh Hawley), and referral status; full legislative text and detailed provisions are not publicly available.
If enacted, businesses that operate data centers would not meet the legal definition of a qualified opportunity zone business. That would make data centers located in designated opportunity zones ineligible for the federal tax incentives tied to qualified opportunity zone businesses.
No publicly available information on budgetary effects, tax revenue changes, or implementation costs.
No publicly available information.
No publicly available information.