Taxes, Sales - As enacted, redefines a "qualified data center," for purposes of sales and use taxes, to include a data center that previously made the required capital investment in excess of $100 million and previously created at least 15 net new full-time employee jobs and the data center is transferred to an affiliate pursuant to a corporate reorganization under the Internal Revenue Code. - Amends TCA Section 67-6-102.

This law expands the definition of a "qualified data center" in Tennessee to include facilities that are transferred to a related company through a specific type of corporate reorganization. To qualify under this new rule, the data center must have previously invested more than $100 million and created at least 15 new full-time jobs before the transfer occurs. The change applies to sales and use tax exemptions, allowing these reorganized entities to maintain their tax benefits if they meet the established investment and employment thresholds.