HB 957 prevents the state from offering new sales tax exemptions for computer data centers, meaning future projects will not receive special breaks on taxes for purchasing or installing equipment. The bill defines specific criteria for what qualifies as a data center, including requirements for significant capital investment and job creation, but it stops the tax credit authority from granting these benefits to any new applicants. While the law allows existing agreements to remain in effect, it ensures that no future data center projects can secure tax-free status for their equipment purchases. This change directly affects technology companies and developers planning to build or expand data centers in the state after the bill takes effect.
This bill prohibits the state from granting new sales tax exemptions for computer data center equipment, affecting companies that wish to build or expand data centers in the state. Under current law, developers could apply for exemptions from sales taxes on equipment used in data centers if they met specific criteria, including making significant capital investments and paying substantial employee wages. The bill closes this pathway by preventing any new agreements from being approved after its enactment, though it does not affect existing exemptions already granted. The legislation defines what constitutes a data center and equipment, requiring that any future exemptions must demonstrate a positive economic impact on the state and local communities.
To amend sections 3794.03, 5739.02, and 5739.03 and to enact sections 3794.21, 3794.22, 3794.23, and 3794.24 of the Revised Code to regulate cigar bars and to exempt cigars smoked on the premises of a cigar bar from sales and use tax.
To amend section 5739.21 and to enact section 122.97 of the Revised Code to create a music incubator program to provide sales tax rebates to certain music venues and festival promoters.
HB 30 would replace Ohio's current progressive income tax structure with a single flat tax rate of 2.75% over two years. It directly affects all Ohio residents and businesses earning income in the state, including individuals, trusts, and estates. The bill eliminates current tax brackets (like the $26,050 threshold for lower rates) and sets a uniform 2.75% tax on all taxable income, regardless of earnings level. This change aims to simplify tax filing and provide uniformity, though it would reduce tax revenue for the state compared to the current system. The bill is currently in early stages (introduced February 2025) and has not yet been voted on.
To amend section 5739.02 of the Revised Code to exempt from sales and use tax items purchased by a logistics business to transport manufactured products, general merchandise, and grocery products.
To amend sections 107.036, 5739.02, 5747.98, and 5751.98 and to enact sections 122.1712, 5747.053, and 5751.56 of the Revised Code to exempt from the sales and use tax the sale of certain firearms and ammunition and to authorize refundable tax credits for small arms and ammunition manufacturing projects.
To amend sections 5739.02 and 5739.03 of the Revised Code to exempt from sales and use tax building materials sold to a contractor under a contract valued at $25 million or more for projects in areas with a port authority.
To amend sections 5739.02, 5739.03, and 5739.05 of the Revised Code to authorize a sales tax holiday for four months each year for the sale of firearm safety and storage devices.
