AN ACT RELATING TO STATE AFFAIRS AND GOVERNMENT -- RHODE ISLAND COMMERCE CORPORATION -- QUALIFIED DATA CENTERS LOCATION INCENTIVE

This bill, SB 921, proposes to define "qualified data centers" and related terms within the Rhode Island Commerce Corporation's governing statutes. It outlines specific "eligible qualified data center costs" that can be incurred from July 1, 2025, covering expenses like development, construction, and equipment for these facilities. The legislation also defines "enterprise information technology equipment" and "colocation tenants" who use these centers. The overall intent is to create a framework for qualified data centers and offer tax exemptions to incentivize their establishment in Rhode Island.