Introduced Version
HOUSE BILL No. 1601
_____
DIGEST OF INTRODUCED BILL
Citations Affected: IC 5-28-43; IC 6-2.5-15.
Synopsis: Quantum research tax incentives and READI grants.
Specifies that funds may not be expended from the regional economic
acceleration and development initiative (READI) 2.0 until all funds
available under READI 1.0 have been expended. Amends the state
sales and use tax exemption (exemption) for data centers to instead
provide the exemption projects for investments in a quantum
computing research, advanced computing, and defense infrastructure
network that result in a minimum qualified investment within five years
of at least $50,000,000.
Effective: July 1, 2025.
Soliday
January 21, 2025, read first time and referred to Committee on Ways and Means.
2025 IN 1601—LS 7625/DI 129 Introduced
First Regular Session of the 124th General Assembly (2025)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
Constitution) is being amended, the text of the existing provision will appear in this style type,
additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional
provision adopted), the text of the new provision will appear in this style type. Also, the
word NEW will appear in that style type in the introductory clause of each SECTION that adds
a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
between statutes enacted by the 2024 Regular Session of the General Assembly.
HOUSE BILL No. 1601
A BILL FOR AN ACT to amend the Indiana Code concerning
economic development.
Be it enacted by the General Assembly of the State of Indiana:
1 SECTION 1. IC 5-28-43-0.5 IS ADDED TO THE INDIANA CODE
2 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
3 1, 2025]: Sec. 0.5. Notwithstanding any other law, funds may not be
4 expended from the fund established by section 7 of this chapter
5 until all funds available under IC 5-28-41 have been expended.
6 SECTION 2. IC 5-28-43-16, AS ADDED BY P.L.201-2023,
7 SECTION 88, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
8 JULY 1, 2025]: Sec. 16. (a) Before July 1, 2024, the corporation shall
9 develop a policy that establishes the framework for a READI 2.0
10 program.
11 (b) The policy developed by the corporation shall include detailed
12 information outlining:
13 (1) the entities that are eligible to submit applications for a grant
14 or loan from the fund;
15 (2) the elements of a multi-year regional economic acceleration
16 and development strategy, and the information a multi-year
17 regional economic acceleration and development strategy must
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1 contain in order to make capital and infrastructure improvement
2 projects to implement the strategy eligible for a grant or loan from
3 the fund;
4 (3) the types of capital and infrastructure improvement projects
5 that are eligible for financial support from the fund; and
6 (4) the criteria that will be used by a strategic review committee
7 and the board to analyze applications for a grant or loan from the
8 fund.
9 (c) The policy developed by the corporation must require a
10 commitment of matching funds from the eligible regional economic
11 acceleration and development organization.
12 (d) The policy developed by the corporation must require that grants
13 or loans awarded from the fund be used by an eligible regional
14 economic acceleration and development organization for capital
15 projects or infrastructure improvements.
16 (e) Subject to subsection (f), after June 30, 2025, the policy must
17 also include coordination between the state and each region served
18 by an eligible regional economic acceleration and development
19 organization to create targeted industries.
20 (e) (f) The policy developed by the corporation must be approved by
21 the board after review by the budget committee.
22 SECTION 3. IC 6-2.5-15-2 IS REPEALED [EFFECTIVE JULY 1,
23 2025]. Sec. 2. As used in this chapter, "data center equipment" means
24 computer equipment or software purchased or leased for the
25 processing, storage, retrieval, or communication of data that is
26 preapproved by the corporation. The term includes the following:
27 (1) Servers, routers, connections, monitoring and security
28 systems, and other enabling machinery, equipment, and hardware,
29 regardless of whether the property is affixed to or incorporated
30 into real property.
31 (2) Equipment used in the operation of computer equipment or
32 software or for the benefit of the qualified data center, including
33 component parts, installations, refreshments, replacements, and
34 upgrades, regardless of whether the property is affixed to or
35 incorporated into real property.
36 (3) All equipment necessary for the transformation, generation,
37 distribution, or management of electricity that is required to
38 operate computer server equipment, including substations,
39 generators, uninterruptible energy equipment, supplies, conduit,
40 fuel piping and storage, cabling, duct banks, switches,
41 switchboards, batteries, testing equipment, and backup
42 generators.
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1 (4) All equipment necessary to cool and maintain a controlled
2 environment for the operation of the computer servers and other
3 components of the data center, including chillers, mechanical
4 equipment, refrigerant piping, fuel piping and storage, adiabatic
5 and free cooling systems, cooling towers, water softeners, air
6 handling units, indoor direct exchange units, fans, ducting, and
7 filters.
8 (5) All water conservation systems, including facilities or
9 mechanisms that are designed to collect, conserve, and reuse
10 water.
11 (6) All computer server equipment, chassis, networking
12 equipment, switches, racks, fiber optic and copper cabling, trays,
13 and conduit.
14 (7) All conduit, ducting, and fiber optic and copper cabling that
15 may be located outside the data center, directly related to
16 connecting one (1) or more distributed qualified data center
17 locations.
18 (8) All monitoring equipment and security systems.
19 (9) Modular data centers and preassembled components of any
20 item described in this section, including components used in the
21 manufacturing of modular data centers.
22 (10) All software.
23 (11) Other tangible and intangible personal property that is
24 essential to the operations of a data center, excluding property
25 used in the administration of the facility.
26 (12) All electricity used by qualified data center equipment,
27 excluding electricity used in the administration of the facility.
28 SECTION 4. IC 6-2.5-15-3, AS ADDED BY P.L.256-2019,
29 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
30 JULY 1, 2025]: Sec. 3. As used in this chapter, "eligible data center
31 costs" means expenditures made after December 31, 2018, 2025, for
32 the development, acquisition, construction, and operation of a facility
33 to be used as a qualified data center, part of the quantum computing
34 research, advanced computing, and defense infrastructure
35 network, including costs of all quantum capable fiber network
36 equipment, rights-of-way, other required access, land, buildings, site
37 improvements, modular data centers, computer data center equipment
38 acquisition and permitting, lease payments, site characterization and
39 assessment, engineering, and design used directly and exclusively in a
40 qualified data center. to be a part of a quantum computing research,
41 advanced computing, and defense infrastructure network
42 connected to and used for quantum research or advanced
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1 computing at or related to qualified military installations in
2 Indiana.
3 SECTION 5. IC 6-2.5-15-5, AS ADDED BY P.L.256-2019,
4 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
5 JULY 1, 2025]: Sec. 5. As used in this chapter, "facility" means one (1)
6 or more tracts of land in Indiana and a structure or building used
7 specifically for:
8 (1) quantum research;
9 (2) advanced computing;
10 (3) defense;
11 (4) the qualified equipment that is placed in the structure or
12 building; or
13 (5) one (1) or more quantum capable fiber networks;
14 along with any structures and personal property contained on the land
15 for the operation of a data center in that is required to operate a
16 quantum capable fiber network at either a single location or multiple
17 distributed locations.
18 SECTION 6. IC 6-2.5-15-5.7 IS ADDED TO THE INDIANA
19 CODE AS A NEW SECTION TO READ AS FOLLOWS
20 [EFFECTIVE JULY 1, 2025]: Sec. 5.7. As used in this chapter,
21 "I-Light" has the meaning set forth in IC 8-1-32.7-3.
22 SECTION 7. IC 6-2.5-15-6, AS ADDED BY P.L.256-2019,
23 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
24 JULY 1, 2025]: Sec. 6. (a) As used in this chapter, "interest in a
25 qualified data center" quantum computing research, advanced
26 computing, and defense infrastructure network" means an entity
27 that is the owner or operator or qualified colocation tenant in a
28 qualified data center. of any element of the quantum computing
29 research, advanced computing, and defense infrastructure
30 network.
31 (b) The term includes an interest in a portion of a quantum
32 computing research, advanced computing, and defense
33 infrastructure network.
34 SECTION 8. IC 6-2.5-15-7, AS ADDED BY P.L.256-2019,
35 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
36 JULY 1, 2025]: Sec. 7. As used in this chapter, "operator" means an
37 entity, other than an owner, or a qualified colocation tenant, operating
38 a data center quantum computing research, advanced computing,
39 and defense infrastructure network pursuant to a lease or other
40 contract with the owner or a lessor. The term includes a licensed
41 property management company, a property lessor, or any other
42 individual or entity responsible for the control, oversight, or
2025 IN 1601—LS 7625/DI 129 5
1 maintenance of a facility. The term also includes an affiliate of an
2 operator.
3 SECTION 9. IC 6-2.5-15-9 IS REPEALED [EFFECTIVE JULY 1,
4 2025]. Sec. 9. As used in this chapter, "qualified colocation tenant"
5 means an entity that contracts with the owner or operator of a qualified
6 data center that is certified under this chapter to use or occupy all or
7 part of the data center for a period of two (2) or more years.
8 SECTION 10. IC 6-2.5-15-10 IS REPEALED [EFFECTIVE JULY
9 1, 2025]. Sec. 10. As used in this chapter, "qualified data center" means
10 one (1) or more buildings that:
11 (1) are rehabilitated or constructed to house a group of networked
12 server computers in one (1) physical location in order to
13 centralize the storage, management, and dissemination of data and
14 information pertaining to a particular business, taxonomy, or body
15 of knowledge; and
16 (2) create a minimum qualified investment on or before the fifth
17 anniversary of the issuance of the specific transaction award
18 certificate by the department of at least:
19 (A) one hundred fifty million dollars ($150,000,000), if it is
20 located in a county having a population greater than one
21 hundred thousand (100,000);
22 (B) one hundred million dollars ($100,000,000), if it is located
23 in a county having a population greater than fifty thousand
24 (50,000) and not more than one hundred thousand (100,000);
25 or
26 (C) twenty-five million dollars ($25,000,000), if it is located
27 in a county having a population of not more than fifty thousand
28 (50,000).
29 SECTION 11. IC 6-2.5-15-11, AS ADDED BY P.L.256-2019,
30 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
31 JULY 1, 2025]: Sec. 11. As used in this chapter, "qualified data center
32 equipment" means data center quantum computing research,
33 advanced computing, and defense infrastructure network
34 equipment located at in a qualified data center. quantum computing
35 research, advanced computing, and defense infrastructure
36 network.
37 SECTION 12. IC 6-2.5-15-12 IS REPEALED [EFFECTIVE JULY
38 1, 2025]. Sec. 12. As used in this chapter, "qualified data center user"
39 means an entity that is using qualified data center equipment.
40 SECTION 13. IC 6-2.5-15-13, AS ADDED BY P.L.256-2019,
41 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
42 JULY 1, 2025]: Sec. 13. As used in this chapter, "qualified investment"
2025 IN 1601—LS 7625/DI 129 6
1 means, with respect to a qualified data center, quantum computing
2 research, advanced computing, and defense infrastructure
3 network, the aggregate nonduplicative eligible data center quantum
4 computing research, advanced computing, and defense
5 infrastructure network costs expended by any entity with an interest
6 in the qualified data center. a quantum computing research,
7 advanced computing, and defense infrastructure network.
8 SECTION 14. IC 6-2.5-15-13.2 IS ADDED TO THE INDIANA
9 CODE AS A NEW SECTION TO READ AS FOLLOWS
10 [EFFECTIVE JULY 1, 2025]: Sec. 13.2. As used in this chapter,
11 "quantum capable fiber network" means a fiber network that
12 includes each of the following attributes:
13 (1) A fiber infrastructure comprised of standard single mode
14 optical fibers (G.652.D) deployed after December 31, 2021,
15 with minimal or no splicing.
16 (2) A fiber infrastructure that is connected to:
17 (A) a military installation of the United States of America;
18 (B) the Indiana National Guard;
19 (C) another military outlet or I-Light; or
20 (D) an institution of higher learning conducting quantum
21 computing research or advanced computing research.
22 (3) A network engineered with physical intermediate access
23 points not more than sixty (60) miles apart.
24 (4) A network with a physical intermediate access point
25 equipped with physical access control and remote monitoring.
26 (5) A network deployed with equipment supporting
27 co-propagation of a quantum signal and an aggregate signal
28 of amplified dense wavelength-division multiplexing (DWDM)
29 channels in the ITU-T C-band or L-band.
30 (6) A network anticipated to be able to support the
31 deployment of quantum repeaters and support quantum
32 entanglement over distance.
33 (7) A network that complies with the federal Trade
34 Agreements Act of 1979 (Public Law 96-39, 93 Stat. 144) as
35 amended.
36 SECTION 15. IC 6-2.5-15-13.3 IS ADDED TO THE INDIANA
37 CODE AS A NEW SECTION TO READ AS FOLLOWS
38 [EFFECTIVE JULY 1, 2025]: Sec. 13.3. As used in this chapter,
39 "quantum capable fiber network equipment" means optical gear,
40 transmission equipment, computer equipment, software, or any
41 other equipment or software of any type purchased or leased for
42 the processing, storage, retrieval, communication, or transmission
2025 IN 1601—LS 7625/DI 129 7
1 of data over a quantum capable fiber network that is preapproved
2 by the corporation. The term includes the following:
3 (1) Quantum-enabled optical gear and federal Trade
4 Agreements Act of 1979 (Public Law 96-39, 93 Stat. 144, as
5 amended) compliant American-made fiber optic cable.
6 (2) Servers, routers, connections, monitoring and security
7 systems, and other enabling machinery, equipment, and
8 hardware, regardless of whether the property is affixed to or
9 incorporated into real property.
10 (3) Equipment used in the operation of computer equipment
11 or software or for the benefit of a quantum computing
12 research, advanced computing, and defense infrastructure
13 network, including component parts, installations,
14 refreshments, replacements, and upgrades, regardless of
15 whether the property is affixed to or incorporated into real
16 property.
17 (4) All equipment necessary for the transformation,
18 generation, distribution, or management of electricity that is
19 required to operate advanced computer or quantum
20 computer server equipment, including substations,
21 generators, uninterruptible energy equipment, supplies,
22 conduit, fuel piping and storage, cabling, duct banks, switches,
23 switchboards, batteries, testing equipment, and backup
24 generators.
25 (5) All equipment necessary to cool and maintain a controlled
26 environment for the operation of the computer servers and
27 other components of a quantum fiber network, including
28 chillers, mechanical equipment, refrigerant piping, fuel piping
29 and storage, adiabatic and free cooling systems, cooling
30 towers, water softeners, air handling units, indoor direct
31 exchange units, fans, ducting, and filters.
32 (6) All water conservation systems, including facilities or
33 mechanisms that are designed to collect, conserve, and reuse
34 water required for the infrastructure of a quantum fiber
35 network.
36 (7) All computer server equipment, chassis, networking
37 equipment, switches, racks, fiber optic and copper cabling,
38 trays, and conduit required for a quantum fiber network.
39 (8) All conduit, ducting, and fiber optic and copper cabling
40 required for a quantum fiber network.
41 (9) All monitoring equipment and security systems.
42 (10) All software required for the operation, development,
2025 IN 1601—LS 7625/DI 129 8
1 and maintenance of a quantum fiber network.
2 (11) All intangible rights to use conduit or existing fibers
3 directly related to a quantum fiber network.
4 (12) All tangible and intangible personal property that is
5 required for operation of each intermediate access point
6 connected to a quantum fiber network, excluding property
7 used in the administration of the facility.
8 (13) Other tangible and intangible personal property that is
9 essential to the operations of a quantum fiber network,
10 excluding property used in the administration of the facility.
11 (14) All electricity used by qualified quantum fiber network
12 equipment, excluding electricity used in the administration of
13 the facility.
14 SECTION 16. IC 6-2.5-15-13.4 IS ADDED TO THE INDIANA
15 CODE AS A NEW SECTION TO READ AS FOLLOWS
16 [EFFECTIVE JULY 1, 2025]: Sec. 13.4. As used in this chapter,
17 "quantum computing research, advanced computing, and defense
18 infrastructure network" means the quantum capable fiber network
19 between two (2) or more facilities using qualified quantum capable
20 equipment to connect qualified facilities to a quantum capable
21 fiber network that create a minimum qualified investment of at
22 least fifty million dollars ($50,000,000) on or before the fifth
23 anniversary of the issuance of the specific transaction award
24 certificate by the corporation. The term includes the land,
25 buildings, site improvements, permitting, lease payments, site
26 characterization and assessment, engineering and design, quantum
27 capable fiber network equipment, rights-of-way, and any other
28 required access, used directly to be a part of:
29 (1) a qualified advanced computing or a qualified quantum
30 computing research initiative within Indiana;
31 (2) the deployment or expansion of advanced computing,
32 within Indiana;
33 (3) the expansion of the defense industry within Indiana; or
34 (4) the quantum computing research, advanced computing
35 and defense infrastructure network connected to and used
36 for:
37 (A) quantum research;
38 (B) advanced computing; or
39 (C) defense infrastructure;
40 at or related to the federal or state of Indiana military
41 installations, research universities, I-Light, or any other
42 Department of Defense or Indiana National Guard
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1 installation within Indiana.
2 SECTION 17. IC 6-2.5-15-14, AS ADDED BY P.L.256-2019,
3 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
4 JULY 1, 2025]: Sec. 14. (a) A qualified data center user quantum
5 computing research, advanced computing, and defense
6 infrastructure network operator that holds an interest in a qualified
7 data center portion of a quantum computing research, advanced
8 computing, and defense infrastructure network may apply to the
9 corporation for a specific transaction award certificate to make
10 purchases other than the purchase of utilities described in IC 6-2.5-4-5,
11 that are exempt under this chapter. The request must be on a form
12 prescribed by the corporation.
13 (b) The corporation has exclusive authority over issues related to
14 issuing a specific transaction award certificate.
15 (c) If the corporation issues a specific transaction award certificate
16 under this chapter, the certificate must state that the facility is a
17 qualified data center. quantum computing research, advanced
18 computing, and defense infrastructure network.
19 (d) A specific transaction award certificate issued by the corporation
20 shall expire not later than
21 (A) twenty-five (25) years after the date of issuance; or
22 (B) fifty (50) years after the date of issuance if the qualified
23 investment is seven hundred fifty million dollars ($750,000,000)
24 ($50,000,000) or greater within three (3) years of the issuance
25 of the transaction award certificate.
26 SECTION 18. IC 6-2.5-15-15, AS ADDED BY P.L.256-2019,
27 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
28 JULY 1, 2025]: Sec. 15. The following apply if the corporation
29 approves an application for a specific transaction award certificate:
30 (1) The corporation shall require the qualified data center user
31 quantum computing research, advanced computing, and
32 defense infrastructure network operator to enter into an
33 agreement with the corporation as a condition of receiving a
34 specific transaction award certificate under this chapter.
35 (2) The agreement with the corporation must include:
36 (A) a detailed description of the project that is the subject of
37 the agreement that includes documentation of compliance
38 with the requirement that the investment be specific to
39 infrastructure for the Indiana defense industry or
40 quantum computing research or advanced computing;
41 (B) the duration of the specific transaction award certificate
42 and the first taxable year for which the award provided by this
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1 chapter may be used; and
2 (C) a requirement that the qualified data center user quantum
3 computing research, advanced computing, and defense
4 infrastructure network operator annually report to the
5 corporation on the amount of taxes that were not paid by the
6 qualified data center user quantum computing research,
7 advanced computing, and defense infrastructure network
8 operator in connection with the purchase of data center
9 quantum computing research, advanced computing, and
10 defense infrastructure network equipment.
11 SECTION 19. IC 6-2.5-15-16, AS ADDED BY P.L.256-2019,
12 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
13 JULY 1, 2025]: Sec. 16. The sale of qualified data center quantum
14 computing research, advanced computing, and defense
15 infrastructure network equipment is exempt from the state gross
16 retail tax if the qualified data center quantum computing research,
17 advanced computing, and defense infrastructure network
18 equipment:
19 (1) is sold to a qualified data center user quantum computing
20 research, advanced computing, and defense infrastructure
21 network approved by the corporation under this chapter; and
22 (2) will be located in a qualified data center. is a part of a
23 quantum computing research, advanced computing, and
24 defense infrastructure network.
25 SECTION 20. IC 6-2.5-15-17, AS ADDED BY P.L.256-2019,
26 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
27 JULY 1, 2025]: Sec. 17. A qualified data center user quantum
28 computing research, advanced computing, and defense
29 infrastructure network operator is not entitled to the exemption
30 provided by section 16 of this chapter unless the qualified data center
31 user quantum computing research, advanced computing, and
32 defense infrastructure network operator provides the seller with an
33 exemption certificate on a form prescribed by the department and a
34 copy of the specific transaction award certificate issued by the
35 corporation. In the case of utilities described in IC 6-2.5-4-5, the
36 qualified data center user may issue an exemption certificate on a form
37 prescribed by the department and a copy of the specific transaction
38 award certificate issued by the corporation to cover all utility purchases
39 from that seller. However, for the corporation to issue a specific
40 transaction award certificate for utilities described in IC 6-2.5-4-5, the
41 qualified data center user must agree to report and remit use tax under
42 this article to the department on the part of the utility purchases used
2025 IN 1601—LS 7625/DI 129 11
1 for administration of the facility.
2 SECTION 21. IC 6-2.5-15-18, AS ADDED BY P.L.256-2019,
3 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
4 JULY 1, 2025]: Sec. 18. (a) This section does not apply to a qualified
5 data center user that is a qualified colocation tenant.
6 (b) (a) If the corporation determines that a qualified data center user
7 quantum computing research, advanced computing, and defense
8 infrastructure network operator that did not pay taxes as a result of
9 the award provided under this chapter, is not entitled to the award
10 because of the qualified data center user's noncompliance with the
11 requirements of the sales tax award certificate agreement or this
12 chapter, the corporation shall, after giving the qualified data center user
13 operator an opportunity to explain the noncompliance:
14 (1) notify the department of the noncompliance; and
15 (2) request the department to impose an assessment on the
16 qualified data center user quantum computing research,
17 advanced computing, and defense infrastructure network
18 operator in an amount that may not exceed the sum of the taxes
19 not paid as a result of the exemption provided under this chapter
20 together with interest and penalties required or permitted by law.
21 (c) (b) Notwithstanding the provisions of IC 6-8.1-5-2, an
22 assessment under subsection (b) (a) is considered timely if the
23 department issues a proposed assessment:
24 (1) not later than one hundred eighty (180) days from the date the
25 department is notified of the noncompliance; or
26 (2) the date on which a proposed assessment could otherwise be
27 issued in a timely manner under IC 6-8.1-5-2;
28 whichever is later.
29 SECTION 22. IC 6-2.5-15-19, AS ADDED BY P.L.256-2019,
30 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
31 JULY 1, 2025]: Sec. 19. Except as provided in section 18 of this
32 chapter, if the corporation approves a qualified data center user's
33 quantum computing research, advanced computing, and defense
34 infrastructure network operator's application to receive a specific
35 transaction award certificate and enters into an agreement with the
36 qualified data center user quantum computing research, advanced
37 computing, and defense infrastructure network operator for a
38 specific transaction award certificate, the corporation's certification of
39 the qualified data center quantum computing research, advanced
40 computing, and defense infrastructure network remains in effect,
41 even if there is a future transfer, sale, or disposition, directly or
42 indirectly, of the qualified data center. quantum computing research,
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1 advanced computing, and defense infrastructure network. A
2 subsequent owner shall enter into an agreement with the corporation
3 before the subsequent owner is entitled to receive a specific transaction
4 award certificate for the remainder of the eligibility period.
5 SECTION 23. IC 6-2.5-15-20, AS ADDED BY P.L.256-2019,
6 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
7 JULY 1, 2025]: Sec. 20. Beginning in 2030, and every ten (10) years
8 thereafter, the corporation shall submit to the legislative council in an
9 electronic format under IC 5-14-6 an economic and fiscal impact study
10 evaluating the statewide impact of data center quantum computing
11 research, advanced computing, and defense infrastructure network
12 investments in Indiana.
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