05/02/18 Five 9s Digital Knowledge

Georgia Governor Signs Data Center Tax Exemption Legislation

Screen shot 2018 05 17 at 4.14.13 pm

Bill HB 696 Spurs Massive Data Center Development In the Atlanta Region

Governor Nathan signed new data center incentive legislation on May 8, 2018. The new Bill, known as HB 696, overhauled Georgia current data center tax policy allowing tax incentives to be applied to a broader range of new data center investments in the state.

Beneficiaries of the new legislation are the myriad of recent new data center announcements in the Atlanta metro region which will total several billion dollars of investment over the next several years. Switch, CyrusOne, Facebook and T5 data centers have all announced major projects to be completed over the next 24 months.

The bill establishes a sales tax exemption, for the period from July 1, 2018 through December 31, 2028, for high-technology data center equipment that is incorporated into or used as a high-technology data center.

To qualify for the exemption, the data center must create at least 20 new quality jobs and must invest at least $100 million to $250 million, with the exact investment threshold based upon the county where the data center is located. The investments must be made over a consecutive seven-year period.

The new legislation will be driver of the planned and future growth and investment in the data center arena in the state of Georgia and allow the Atlanta metro to transition to one of the top data center markets in the US.

All Knowledge Tags

$DFT $DRT 2103 data center acquisition report 350 E Cermak AT&T AWS AWS Cloud AWS data center Amazon data center Ashburn Data Center Market Atlanta Data Center Leasing Atlanta Data Center Market BC Partners buying Centurylink data centers Barron's Data Center Real Estate Bitcoin Mining North Carolina Bitcoin Mining Power Rates Bitcoin Mining Washington Blockchain Buys Data Center 2018 C7 Data Center CIO CIO Insight CIOForum CONE REIT Sale CONE Sale CTO Carter Validus REIT Carter Validus sells data centers Centurylink Centurylink Data Centers Centurylink buys Level 3 Centurylink data center business Centurylink selling data centers Cloud Colocation CoreSite Cryptocurrency Mining Power Cryptocurrency mining space CyrusOne CyrusOne Acquisition CyrusOne Atlanta data center CyrusOne Bidder CyrusOne Data Center Atlanta Cyxtera Technologies DLR buys DFT DRT Dallas Data Center Activity Dallas data center Data Center Data Center Acquisitions Report 2018 Data Center Activity 2018 Data Center Broker Data Center Brokerage Data Center Consolidation Data Center Consulting Data Center Investment Data Center Investments Data Center M&A Data Center Market Research Data Center Mergers & Acquisitions Data Center News Data Center Purchase Data Center REITs Data Center Real Estate Data Center Real Estate Investing Data Center Tax Incentives Georgia Data Center investing Data Center leasing report Data Centers Data Centers 2019 Data Centers For Sale Data center absorption 2018 Data centers DataBank DataCenters# DevOps Digital Bridge Digital Realty Digital Realty Trust Digital Realty Trust Atlanta Digital Realty Trust Chicago Digital Realty Trust Dallas Digital Realty Trust acquires Dupont Fabros Digital Realty Trust merger Digital Realty buys Chicago data center Digital Realty buys Dupont Fabros. Dupont Fabros Dupont Fabros merger Durham Data Center Enterprise Data Centers Equinix Equinix Dallas Equinix buys Infomart Equinix buys Verizon Data Centers F5 Networks Facebook Atlanta Data Center Facebook Data Center Ft. Worth Data Center GI Partners Georgia Data Center Legislation Google Hyperscale data center locations Hyperscale data centers Hyperscale growth IBM data centers IPFS IRM data center expansion Infomart Infomart Dallas Iron Mountain Iron Mountain Data Centers Iron Mountain buys Fortrust Iron Mountain buys IO Data Centers Level 3 MapleTree buys data centers Microsoft Cloud Microsoft Data Center Microsoft data center NXTVn New Chicago Data Center New Jersey Data Center Northern Virginia Absorption Oracle data center Peak 10 QTS QTS Data Center Atlanta QTS data center Redhat data center cloud Santa Clara Data Center Sentinel Shaw Communications Switch Data Center Atlanta Switch data center Atlanta T5 Data Center Atlanta Telefonica TierPoint TierPoint# US Low Cost Power States US Power Grab US data center market report 2018 Vantage Data Centers Verizon ViaWest Virginia Beach Cable Landing Station Virginia Beach Data Center Park Virginia data center park Wall Street Journal Windstream Zayo ata center blockchain big data blockchain data center blockchain data storage blockchain file storage buys data center and colocation business buys data centers cloud data center cloud data centers data center data center acquisitions data center advisory data center broker data center consultant data center consulting data center for lease data center for sale data center investments data center leasing data center market data center market research data center news data center outage data center real estate data center sale leaseback data center sales data center tax incentives data center trends data centers for sale delta data center delta outage dropbox data center emerging data center trends hybrid cloud north carolina data centers