Bill No.: HB0067                  Drafter:  MQ

LSO No.:  10LSO-0315              Effective Date:  3/5/2010

Enrolled Act No.:  HEA0031

Chapter No.:       50

Prime Sponsor:     Representative Illoway

Catch Title:       Data processing center-sales/use tax exemption.

Subject:  Grants a sales/use tax exemption on certain data processing services centers and equipment.

Summary/Major Elements:

· Grants a sales/use tax exemption for data processing services centers – defined as a business primarily engaged in providing infrastructure to house a group of network server computers and associated network storage devices in one location.

· Also grants the exemption for qualifying computer equipment used in the data processing services centers if the total purchases exceeds $2,000,000 in any calendar year.

· The purchaser must also demonstrate that he has a physical location in this state with a total capital asset investment of not less than $5,000,000 and can demonstrate that he has created jobs.

Comments:

· Report Required – The Wyoming Business Council and the Department of Revenue are required to report to the Joint Revenue Interim Committee on or before December 1 each year on the cumulative effects of the exemption.