Indiana 2025 Regular Session

Indiana House Bill HB1601 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
	1	+	EH1601.1
	2	+	April 2, 2025
	3	+	ENGROSSED
	4	+	HOUSE BILL No. 1601
	5	+	_____
	6	+	DIGEST OF HB 1601 (Updated April 1, 2025 11:57 am - DI 120)
	7	+	Citations Affected: IC 6-1.1; IC 6-2.5.
	8	+	Synopsis: Quantum research tax incentives. Amends the state sales
	9	+	and use tax exemption for data centers to include projects for
	10	+	investments in a quantum computing research, advanced computing,
	11	+	and defense infrastructure network that result in a minimum qualified
	12	+	investment within five years of at least $50,000,000.
	13	+	Effective: Upon passage.
	14	+	Soliday, Pressel, Jackson C, Hall
	15	+	(SENATE SPONSORS — HOLDMAN, KOCH, BUCHANAN)
	16	+	January 21, 2025, read first time and referred to Committee on Ways and Means.
	17	+	February 13, 2025, amended, reported — Do Pass.
	18	+	February 17, 2025, read second time, ordered engrossed.
	19	+	February 18, 2025, engrossed. Read third time, passed. Yeas 76, nays 18.
	20	+	SENATE ACTION
	21	+	March 3, 2025, read first time and referred to Committee on Tax and Fiscal Policy.
	22	+	April 1, 2025, amended, reported favorably — Do Pass.
	23	+	EH 1601—LS 7625/DI 129 April 2, 2025
1	24		First Regular Session of the 124th General Assembly (2025)
2	25		PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
3	26		Constitution) is being amended, the text of the existing provision will appear in this style type,
4	27		additions will appear in this style type, and deletions will appear in this style type.
5	28		Additions: Whenever a new statutory provision is being enacted (or a new constitutional
6	29		provision adopted), the text of the new provision will appear in this style type. Also, the
7	30		word NEW will appear in that style type in the introductory clause of each SECTION that adds
8	31		a new provision to the Indiana Code or the Indiana Constitution.
9	32		Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
10	33		between statutes enacted by the 2024 Regular Session of the General Assembly.
11		-	HOUSE ENROLLED ACT No. 1601
12		-	AN ACT to amend the Indiana Code concerning economic
13		-	development.
	34	+	ENGROSSED
	35	+	HOUSE BILL No. 1601
	36	+	A BILL FOR AN ACT to amend the Indiana Code concerning
	37	+	economic development.
14	38		Be it enacted by the General Assembly of the State of Indiana:
15		-	SECTION 1. IC 6-1.1-10-54 IS ADDED TO THE INDIANA CODE
16		-	AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
17		-	UPON PASSAGE]: Sec. 54. (a) As used in this section, "designating
18		-	body" means the fiscal body of:
	39	+	1 SECTION 1. IC 6-1.1-10-54 IS ADDED TO THE INDIANA CODE
	40	+	2 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE
	41	+	3 UPON PASSAGE]: Sec. 54. (a) As used in this section, "designating
	42	+	4 body" means the fiscal body of:
	43	+	5 (1) a county that does not contain a consolidated city; or
	44	+	6 (2) a municipality.
	45	+	7 (b) As used in this section, "eligible business" means an entity
	46	+	8 that meets the following requirements:
	47	+	9 (1) The entity is engaged in a business that:
	48	+	10 (A) operates; or
	49	+	11 (B) leases qualified property for use in;
	50	+	12 one (1) or more facilities.
	51	+	13 (2) The entity's qualified property is located at a facility in
	52	+	14 Indiana.
	53	+	15 (3) The entity, the lessor of qualified property (if the entity is
	54	+	16 a lessee), and all lessees of qualified property invest in the
	55	+	17 aggregate at least one hundred million dollars ($100,000,000)
	56	+	EH 1601—LS 7625/DI 129 2
	57	+	1 in real and personal property at one (1) or more facilities in
	58	+	2 Indiana after May 1, 2025.
	59	+	3 (4) The average wage of employees who are located in the
	60	+	4 county or municipality and engaged in the operation of the
	61	+	5 facility is at least one hundred twenty-five percent (125%) of
	62	+	6 the county average wage for the county in which the facility
	63	+	7 operates.
	64	+	8 (c) As used in this section, "facility" has the meaning set forth
	65	+	9 in IC 6-2.5-15-5.
	66	+	10 (d) As used in this section, "fiscal body" has the meaning set
	67	+	11 forth in IC 36-1-2-6.
	68	+	12 (e) As used in this section, "municipality" has the meaning set
	69	+	13 forth in IC 36-1-2-11.
	70	+	14 (f) As used in this section, "qualified property" means quantum
	71	+	15 safe fiber network equipment purchased after May 1, 2025, and
	72	+	16 any additions to or replacements to such property.
	73	+	17 (g) As used in this section, "quantum safe fiber network
	74	+	18 equipment" has the meaning set forth in IC 6-2.5-15-13.3.
	75	+	19 (h) A designating body may enter into an agreement with an
	76	+	20 eligible business to grant the eligible business a property tax
	77	+	21 exemption. In the case of a county, the exemption applies only to
	78	+	22 qualified property that is located in unincorporated territory of the
	79	+	23 county. In the case of a municipality, the exemption applies only to
	80	+	24 qualified property that is located in the municipality. The property
	81	+	25 tax exemption applies to the qualified property only if the
	82	+	26 designating body and the eligible business enter into an agreement
	83	+	27 concerning the property tax exemption. The agreement must
	84	+	28 specify the duration of the property tax exemption. The agreement
	85	+	29 may specify that if the ownership of qualified property is
	86	+	30 transferred by an eligible business, the transferee is entitled to the
	87	+	31 property tax exemption on the same terms as the transferor. If a
	88	+	32 designating body enters into an agreement with an eligible
	89	+	33 business, the qualified property owned by the eligible business is
	90	+	34 exempt from property taxation as provided in the resolution and
	91	+	35 the agreement.
	92	+	36 (i) If a designating body enters into an agreement under
	93	+	37 subsection (h) to provide a property tax exemption, the property
	94	+	38 tax exemption continues for the period specified in the agreement.
	95	+	39 SECTION 2. IC 6-2.5-15-0.5 IS ADDED TO THE INDIANA
	96	+	40 CODE AS A NEW SECTION TO READ AS FOLLOWS
	97	+	41 [EFFECTIVE UPON PASSAGE]: Sec. 0.5. As used in this chapter,
	98	+	42 "advanced computing" means a computational method or
	99	+	EH 1601—LS 7625/DI 129 3
	100	+	1 technology, including hardware, software, and quantum safe fiber
	101	+	2 network equipment, that is designed, engineered, and installed to
	102	+	3 solve large, complex problems or process large data sets, including
	103	+	4 quantum computing, artificial intelligence, edge computing, and
	104	+	5 computational sets that use entanglement nodes that are beyond
	105	+	6 the capability of classical digital computational computing.
	106	+	7 SECTION 3. IC 6-2.5-15-3, AS ADDED BY P.L.256-2019,
	107	+	8 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	108	+	9 UPON PASSAGE]: Sec. 3. As used in this chapter, "eligible data
	109	+	10 center costs" means expenditures made:
	110	+	11 (1) after December 31, 2018, for the development, acquisition,
	111	+	12 construction, and operation of a facility to be used as a qualified
	112	+	13 data center, including costs of land, buildings, site improvements,
	113	+	14 modular data centers, computer data center equipment acquisition
	114	+	15 and permitting, lease payments, site characterization and
	115	+	16 assessment, engineering, and design used directly and exclusively
	116	+	17 in a qualified data center; or
	117	+	18 (2) after May 1, 2025, for the development, acquisition,
	118	+	19 construction, and operation of a facility to be used as part of
	119	+	20 a quantum computing research, advanced computing, and
	120	+	21 defense infrastructure network that is connected by quantum
	121	+	22 safe fiber network equipment and used for quantum research
	122	+	23 or advanced computing at, or related to, a qualified military
	123	+	24 installation in Indiana or the I-Light network, including costs
	124	+	25 of all quantum safe fiber network equipment, rights-of-way,
	125	+	26 conduit, other required access, land, buildings, site
	126	+	27 improvements, modular data centers, computer data center
	127	+	28 equipment acquisition and permitting, lease payments, site
	128	+	29 characterization and assessment, engineering, and design used
	129	+	30 directly and exclusively as part of a quantum computing
	130	+	31 research, advanced computing, and defense infrastructure
	131	+	32 network.
	132	+	33 SECTION 4. IC 6-2.5-15-5, AS ADDED BY P.L.256-2019,
	133	+	34 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	134	+	35 UPON PASSAGE]: Sec. 5. As used in this chapter, "facility" means
	135	+	36 one (1) or more tracts of land in Indiana and:
	136	+	37 (1) a structure or building contained on the land used
	137	+	38 specifically for:
	138	+	39 (A) quantum research or commercialization;
	139	+	40 (B) quantum safe fiber network equipment;
	140	+	41 (C) advanced computing;
	141	+	42 (D) quantum research or advanced computing for the
	142	+	EH 1601—LS 7625/DI 129 4
	143	+	1 defense industry;
	144	+	2 (E) the qualified equipment that is placed in the structure
	145	+	3 or building; or
	146	+	4 (F) one (1) or more quantum safe fiber networks;
	147	+	5 including any structures and personal property contained on
	148	+	6 the land that is required to operate a quantum safe fiber
	149	+	7 network; and
	150	+	8 (2) any structures and personal property contained on the land for
	151	+	9 the operation of a data center;
	152	+	10 in either a single location or multiple distributed locations.
	153	+	11 SECTION 5. IC 6-2.5-15-5.7 IS ADDED TO THE INDIANA
	154	+	12 CODE AS A NEW SECTION TO READ AS FOLLOWS
	155	+	13 [EFFECTIVE UPON PASSAGE]: Sec. 5.7. As used in this chapter,
	156	+	14 "I-Light" has the meaning set forth in IC 8-1-32.7-3.
	157	+	15 SECTION 6. IC 6-2.5-15-6.5 IS ADDED TO THE INDIANA
	158	+	16 CODE AS A NEW SECTION TO READ AS FOLLOWS
	159	+	17 [EFFECTIVE UPON PASSAGE]: Sec. 6.5. As used in this chapter,
	160	+	18 "interest in a quantum computing research, advanced computing,
	161	+	19 and defense infrastructure network" means an entity that is the
	162	+	20 owner of, the operator of, or a qualified colocation tenant in, any
	163	+	21 element of a quantum safe fiber network or a quantum computing,
	164	+	22 advanced computing, and defense infrastructure network.
	165	+	23 (b) The term includes an interest in a portion of a quantum
	166	+	24 computing research, advanced computing, and defense
	167	+	25 infrastructure network.
	168	+	26 SECTION 7. IC 6-2.5-15-7, AS ADDED BY P.L.256-2019,
	169	+	27 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	170	+	28 UPON PASSAGE]: Sec. 7. As used in this chapter, "operator" means
	171	+	29 an entity, other than an owner or a qualified colocation tenant,
	172	+	30 operating a data center or a quantum computing research, advanced
	173	+	31 computing, and defense infrastructure network pursuant to a lease
	174	+	32 or other contract with the owner or a lessor. The term includes a
	175	+	33 licensed property management company, a property lessor, or any other
	176	+	34 individual or entity responsible for the control, oversight, or
	177	+	35 maintenance of a facility. The term also includes an affiliate of an
	178	+	36 operator.
	179	+	37 SECTION 8. IC 6-2.5-15-9, AS ADDED BY P.L.256-2019,
	180	+	38 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	181	+	39 UPON PASSAGE]: Sec. 9. As used in this chapter, "qualified
	182	+	40 colocation tenant" means an entity that contracts with the owner or
	183	+	41 operator of a:
	184	+	42 (1) qualified data center; or
	185	+	EH 1601—LS 7625/DI 129 5
	186	+	1 (2) quantum computing, advanced computing, and defense
	187	+	2 infrastructure network;
	188	+	3 that is certified under this chapter to use or occupy all or part of the
	189	+	4 data center or quantum computing, advanced computing, and
	190	+	5 defense infrastructure network for a period of two (2) or more years.
	191	+	6 SECTION 9. IC 6-2.5-15-11, AS ADDED BY P.L.256-2019,
	192	+	7 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	193	+	8 UPON PASSAGE]: Sec. 11. As used in this chapter, "qualified data
	194	+	9 center equipment" means data center equipment or quantum
	195	+	10 computing research, advanced computing, and defense
	196	+	11 infrastructure network equipment located at in a qualified data center
	197	+	12 or a quantum computing research, advanced computing, and
	198	+	13 defense infrastructure network.
	199	+	14 SECTION 10. IC 6-2.5-15-13, AS ADDED BY P.L.256-2019,
	200	+	15 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	201	+	16 UPON PASSAGE]: Sec. 13. As used in this chapter, "qualified
	202	+	17 investment" means, with respect to a:
	203	+	18 (1) qualified data center, the aggregate nonduplicative eligible
	204	+	19 data center costs expended by any entity with an interest in the
	205	+	20 qualified data center; or
	206	+	21 (2) quantum computing research, advanced computing, and
	207	+	22 defense infrastructure network, the aggregate nonduplicative
	208	+	23 eligible costs expended by any entity with an interest in the
	209	+	24 quantum computing research, advanced computing, and
	210	+	25 defense infrastructure network.
	211	+	26 SECTION 11. IC 6-2.5-15-13.2 IS ADDED TO THE INDIANA
	212	+	27 CODE AS A NEW SECTION TO READ AS FOLLOWS
	213	+	28 [EFFECTIVE UPON PASSAGE]: Sec. 13.2. As used in this chapter,
	214	+	29 "quantum safe fiber network" means a fiber network that includes
	215	+	30 each of the following attributes:
	216	+	31 (1) A deployed fiber infrastructure comprised of:
	217	+	32 (A) standard single mode optical fibers (G.652.D) that are
	218	+	33 compliant with the federal Trade Agreements Act of 1979
	219	+	34 (Public Law 96-39, 93 Stat. 144, as amended);
	220	+	35 (B) flexgrid reconfigurable photonic layer; and
	221	+	36 (C) only coherent optical transponders with FIPS 140-3
	222	+	37 certified L1 encryption (OTNsec) with support for external
	223	+	38 key from quantum key distribution servers that are
	224	+	39 compliant with the federal Trade Agreements Act of 1979
	225	+	40 (Public Law 96-39, 93 Stat. 144, as amended);
	226	+	41 on electronics and glass.
	227	+	42 (2) A fiber infrastructure that is connected to:
	228	+	EH 1601—LS 7625/DI 129 6
	229	+	1 (A) a military installation of the United States of America;
	230	+	2 (B) the Indiana National Guard;
	231	+	3 (C) another military outlet or I-Light; or
	232	+	4 (D) an institution of higher learning conducting quantum
	233	+	5 computing research or advanced computing research.
	234	+	6 (3) A network engineered with physical intermediate access
	235	+	7 points (nodes) not more than sixty (60) miles apart.
	236	+	8 (4) A network with physical intermediate access points
	237	+	9 (nodes) equipped with physical access control and remote
	238	+	10 monitoring.
	239	+	11 (5) A network with quantum key distribution (QKD) servers
	240	+	12 deployed on every fiber span.
	241	+	13 (6) A network that is not used for residential broadband and
	242	+	14 limited in use to less fifteen percent (15%) for commercial
	243	+	15 broadband (ISP) applications.
	244	+	16 (7) A network that complies with the federal Trade
	245	+	17 Agreements Act of 1979 (Public Law 96-39, 93 Stat. 144) as
	246	+	18 amended.
	247	+	19 SECTION 12. IC 6-2.5-15-13.3 IS ADDED TO THE INDIANA
	248	+	20 CODE AS A NEW SECTION TO READ AS FOLLOWS
	249	+	21 [EFFECTIVE UPON PASSAGE]: Sec. 13.3. (a) As used in this
	250	+	22 chapter, "quantum safe fiber network equipment" means optical
	251	+	23 gear, transmission equipment, fiber, computer equipment,
	252	+	24 software, or any other equipment or software of any type
	253	+	25 purchased or leased for the processing, storage, retrieval,
	254	+	26 communication, or transmission of data over a quantum safe fiber
	255	+	27 network that:
	256	+	28 (1) is preapproved by the corporation;
	257	+	29 (2) adheres to all compliance standards of the federal Trade
	258	+	30 Agreements Act of 1979 (Public Law 96-39, 93 Stat. 144, as
	259	+	31 amended) throughout the entire network, including all access
	260	+	32 physical intermediate access points (nodes);
	261	+	33 (3) has a manufacturing origin point in North America;
	262	+	34 (4) uses only coherent optics with FIPS 140-3 certified
	263	+	35 encryption technology; and
	264	+	36 (5) supports quantum safe algorithms that are compliant with
	265	+	37 National Institute of Standards and Technology of the United
	266	+	38 States Department of Commerce requirements, including
	267	+	39 post-quantum cryptography and other post quantum resistant
	268	+	40 cryptography implementations.
	269	+	41 (b) The term includes the following:
	270	+	42 (1) Installed quantum-safe optical gear and federal Trade
	271	+	EH 1601—LS 7625/DI 129 7
	272	+	1 Agreements Act of 1979 (Public Law 96-39, 93 Stat. 144, as
	273	+	2 amended) compliant American-made fiber optic cable.
	274	+	3 (2) Servers, routers, connections, monitoring and security
	275	+	4 systems, and other enabling machinery, equipment, and
	276	+	5 hardware, regardless of whether the property is affixed to or
	277	+	6 incorporated into real property.
	278	+	7 (3) Equipment used in the operation of computer equipment
	279	+	8 or software or for the benefit of a quantum computing
	280	+	9 research, advanced computing, and defense infrastructure
	281	+	10 network, including component parts, installations,
	282	+	11 refreshments, replacements, and upgrades, regardless of
	283	+	12 whether the property is affixed to or incorporated into real
	284	+	13 property.
	285	+	14 (4) All equipment necessary for the transformation,
	286	+	15 generation, distribution, or management of electricity that is
	287	+	16 required to operate advanced computer or quantum
	288	+	17 computer server equipment, including substations,
	289	+	18 generators, uninterruptible energy equipment, supplies,
	290	+	19 conduit, fuel piping and storage, cabling, duct banks, switches,
	291	+	20 switchboards, batteries, testing equipment, and backup
	292	+	21 generators.
	293	+	22 (5) All equipment necessary to cool and maintain a controlled
	294	+	23 environment for the operation of the computer servers and
	295	+	24 other components of a quantum fiber network, including
	296	+	25 chillers, mechanical equipment, refrigerant piping, fuel piping
	297	+	26 and storage, adiabatic and free cooling systems, cooling
	298	+	27 towers, water softeners, air handling units, indoor direct
	299	+	28 exchange units, fans, ducting, and filters.
	300	+	29 (6) All water conservation systems, including facilities or
	301	+	30 mechanisms that are designed to collect, conserve, and reuse
	302	+	31 water required for the infrastructure of a quantum fiber
	303	+	32 network.
	304	+	33 (7) All computer server equipment, chassis, networking
	305	+	34 equipment, switches, racks, fiber optic and copper cabling,
	306	+	35 trays, and conduit required for a quantum fiber network.
	307	+	36 (8) All conduit, ducting, and fiber optic and copper cabling
	308	+	37 required for a quantum fiber network.
	309	+	38 (9) All monitoring equipment and security systems.
	310	+	39 (10) All software required for the operation, development,
	311	+	40 and maintenance of a quantum fiber network.
	312	+	41 (11) All intangible rights to use conduit or existing fibers
	313	+	42 directly related to a quantum fiber network.
	314	+	EH 1601—LS 7625/DI 129 8
	315	+	1 (12) All tangible and intangible personal property that is
	316	+	2 required for operation of each intermediate access point
	317	+	3 (node) connected to a quantum fiber network, excluding
	318	+	4 property used in the administration of the facility.
	319	+	5 (13) Other tangible and intangible personal property that is
	320	+	6 essential to the operations of a quantum fiber network,
	321	+	7 excluding property used in the administration of the facility.
	322	+	8 (14) All electricity used by qualified quantum fiber network
	323	+	9 equipment, excluding electricity used in the administration of
	324	+	10 the facility.
	325	+	11 SECTION 13. IC 6-2.5-15-13.4 IS ADDED TO THE INDIANA
	326	+	12 CODE AS A NEW SECTION TO READ AS FOLLOWS
	327	+	13 [EFFECTIVE UPON PASSAGE]: Sec. 13.4. As used in this chapter,
	328	+	14 "quantum computing research, advanced computing, and defense
	329	+	15 infrastructure network" means the quantum safe fiber network
	330	+	16 between two (2) or more facilities using qualified equipment to
	331	+	17 create and connect qualified facilities to a quantum safe fiber
	332	+	18 network that create a minimum qualified investment of at least
	333	+	19 fifty million dollars ($50,000,000) on or before the fifth anniversary
	334	+	20 of the issuance of the specific transaction award certificate by the
	335	+	21 corporation. The term includes the land, buildings, site
	336	+	22 improvements, permitting, lease payments, site characterization
	337	+	23 and assessment, engineering and design, quantum safe fiber
	338	+	24 network equipment, rights-of-way, and any other required access,
	339	+	25 used directly to be a part of:
	340	+	26 (1) a qualified advanced computing or a qualified quantum
	341	+	27 computing research initiative within Indiana;
	342	+	28 (2) the deployment or expansion of advanced computing,
	343	+	29 within Indiana;
	344	+	30 (3) the expansion of the defense industry within Indiana; or
	345	+	31 (4) the quantum computing research, advanced computing
	346	+	32 and defense infrastructure network connected to and used
	347	+	33 for:
	348	+	34 (A) quantum research (including computing,
	349	+	35 communication, and networking);
	350	+	36 (B) advanced computing; or
	351	+	37 (C) defense infrastructure network;
	352	+	38 at or related to the federal or state of Indiana military
	353	+	39 installations, research universities, I-Light, or any other
	354	+	40 Department of Defense or Indiana National Guard
	355	+	41 installation within Indiana.
	356	+	42 SECTION 14. IC 6-2.5-15-14, AS ADDED BY P.L.256-2019,
	357	+	EH 1601—LS 7625/DI 129 9
	358	+	1 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	359	+	2 UPON PASSAGE]: Sec. 14. (a) A qualified data center user or a
	360	+	3 quantum computing research, advanced computing, and defense
	361	+	4 infrastructure network operator that holds an interest in a qualified
	362	+	5 data center or an interest in a quantum computing research,
	363	+	6 advanced computing, and defense infrastructure network may
	364	+	7 apply to the corporation for a specific transaction award certificate to
	365	+	8 make purchases, other than the purchase of utilities described in
	366	+	9 IC 6-2.5-4-5, that are exempt under this chapter. The request must be
	367	+	10 on a form prescribed by the corporation.
	368	+	11 (b) The corporation has exclusive authority over issues related to
	369	+	12 issuing a specific transaction award certificate.
	370	+	13 (c) If the corporation issues a specific transaction award certificate
	371	+	14 under this chapter, the certificate must state that the facility is a
	372	+	15 qualified data center or a quantum computing research, advanced
	373	+	16 computing, and defense infrastructure network, as applicable.
	374	+	17 (d) A specific transaction award certificate issued by the corporation
	375	+	18 shall expire not later than:
	376	+	19 (A) (1) twenty-five (25) years after the date of issuance; or
	377	+	20 (B) (2) in the case of a qualified data center user, fifty (50)
	378	+	21 years after the date of issuance if the qualified investment is seven
	379	+	22 hundred fifty million dollars ($750,000,000) or greater; or
	380	+	23 (3) in the case of a quantum computing research, advanced
	381	+	24 computing, and defense infrastructure network operator, fifty
	382	+	25 (50) years after the date of issuance if the qualified investment
	383	+	26 is fifty million dollars ($50,000,000) or greater within three (3)
	384	+	27 years of the issuance of the transaction award certificate.
	385	+	28 SECTION 15. IC 6-2.5-15-15, AS ADDED BY P.L.256-2019,
	386	+	29 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	387	+	30 UPON PASSAGE]: Sec. 15. The following apply if the corporation
	388	+	31 approves an application for a specific transaction award certificate:
	389	+	32 (1) The corporation shall require the qualified data center user or
	390	+	33 quantum computing research, advanced computing, and
	391	+	34 defense infrastructure network operator, as applicable, to
	392	+	35 enter into an agreement with the corporation as a condition of
	393	+	36 receiving a specific transaction award certificate under this
	394	+	37 chapter.
	395	+	38 (2) The agreement with the corporation must include:
	396	+	39 (A) a detailed description of the project that is the subject of
	397	+	40 the agreement that includes documentation of compliance
	398	+	41 with the requirement that the investment be specific to
	399	+	42 infrastructure for the Indiana defense industry or
	400	+	EH 1601—LS 7625/DI 129 10
	401	+	1 quantum computing research or advanced computing;
	402	+	2 (B) the duration of the specific transaction award certificate
	403	+	3 and the first taxable year for which the award provided by this
	404	+	4 chapter may be used; and
	405	+	5 (C) a requirement that the qualified data center user or
	406	+	6 quantum computing research, advanced computing, and
	407	+	7 defense infrastructure network operator, as applicable,
	408	+	8 annually report to the corporation on the amount of taxes that
	409	+	9 were not paid by the qualified data center user or quantum
	410	+	10 computing research, advanced computing, and defense
	411	+	11 infrastructure network operator in connection with the
	412	+	12 purchase of data center equipment or quantum computing
	413	+	13 research, advanced computing, and defense infrastructure
	414	+	14 network equipment, as applicable.
	415	+	15 SECTION 16. IC 6-2.5-15-16, AS ADDED BY P.L.256-2019,
	416	+	16 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	417	+	17 UPON PASSAGE]: Sec. 16. The sale of qualified data center or
	418	+	18 quantum computing research, advanced computing, and defense
	419	+	19 infrastructure network equipment is exempt from the state gross
	420	+	20 retail tax if the qualified data center equipment or quantum
	421	+	21 computing research, advanced computing, and defense
	422	+	22 infrastructure network equipment, as applicable:
	423	+	23 (1) is sold to a qualified data center user or a quantum
	424	+	24 computing research, advanced computing, and defense
	425	+	25 infrastructure network approved by the corporation under this
	426	+	26 chapter; and
	427	+	27 (2) will be located in a qualified data center, or is a part of a
	428	+	28 quantum safe fiber network or is a part of a quantum
	429	+	29 computing research, advanced computing, and defense
	430	+	30 infrastructure network.
	431	+	31 SECTION 17. IC 6-2.5-15-17, AS ADDED BY P.L.256-2019,
	432	+	32 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	433	+	33 UPON PASSAGE]: Sec. 17. A qualified data center user or a
	434	+	34 quantum computing research, advanced computing, and defense
	435	+	35 infrastructure network operator is not entitled to the exemption
	436	+	36 provided by section 16 of this chapter unless the qualified data center
	437	+	37 user or the quantum computing research, advanced computing, and
	438	+	38 defense infrastructure network operator provides the seller with an
	439	+	39 exemption certificate on a form prescribed by the department and a
	440	+	40 copy of the specific transaction award certificate issued by the
	441	+	41 corporation. In the case of utilities described in IC 6-2.5-4-5, the
	442	+	42 qualified data center user may issue an exemption certificate on a form
	443	+	EH 1601—LS 7625/DI 129 11
	444	+	1 prescribed by the department and a copy of the specific transaction
	445	+	2 award certificate issued by the corporation to cover all utility purchases
	446	+	3 from that seller. However, for the corporation to issue a specific
	447	+	4 transaction award certificate for utilities described in IC 6-2.5-4-5, the
	448	+	5 qualified data center user must agree to report and remit use tax under
	449	+	6 this article to the department on the part of the utility purchases used
	450	+	7 for administration of the facility.
	451	+	8 SECTION 18. IC 6-2.5-15-18, AS ADDED BY P.L.256-2019,
	452	+	9 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	453	+	10 UPON PASSAGE]: Sec. 18. (a) This section does not apply to a
	454	+	11 qualified data center user that is a qualified colocation tenant.
	455	+	12 (b) (a) If the corporation determines that a qualified data center user
	456	+	13 or a quantum computing research, advanced computing, and
	457	+	14 defense infrastructure network operator that did not pay taxes as a
	458	+	15 result of the award provided under this chapter, and is not entitled to
	459	+	16 the award because of the qualified data center user's noncompliance
	460	+	17 with the requirements of the sales tax award certificate agreement or
	461	+	18 this chapter, the corporation shall, after giving the qualified data center
	462	+	19 user or the operator an opportunity to explain the noncompliance:
	463	+	20 (1) notify the department of the noncompliance; and
	464	+	21 (2) request the department to impose an assessment on the
	465	+	22 qualified data center user or the quantum computing research,
	466	+	23 advanced computing, and defense infrastructure network
	467	+	24 operator in an amount that may not exceed the sum of the taxes
	468	+	25 not paid as a result of the exemption provided under this chapter
	469	+	26 together with interest and penalties required or permitted by law.
	470	+	27 (c) (b) Notwithstanding the provisions of IC 6-8.1-5-2, an
	471	+	28 assessment under subsection (b) (a) is considered timely if the
	472	+	29 department issues a proposed assessment:
	473	+	30 (1) not later than one hundred eighty (180) days from the date the
	474	+	31 department is notified of the noncompliance; or
	475	+	32 (2) the date on which a proposed assessment could otherwise be
	476	+	33 issued in a timely manner under IC 6-8.1-5-2;
	477	+	34 whichever is later.
	478	+	35 SECTION 19. IC 6-2.5-15-19, AS ADDED BY P.L.256-2019,
	479	+	36 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	480	+	37 UPON PASSAGE]: Sec. 19. Except as provided in section 18 of this
	481	+	38 chapter, if the corporation approves a qualified data center user's or a
	482	+	39 quantum computing research, advanced computing, and defense
	483	+	40 infrastructure network operator's application to receive a specific
	484	+	41 transaction award certificate and enters into an agreement with the
	485	+	42 qualified data center user or the quantum computing research,
	486	+	EH 1601—LS 7625/DI 129 12
	487	+	1 advanced computing, and defense infrastructure network operator
	488	+	2 for a specific transaction award certificate, the corporation's
	489	+	3 certification of the qualified data center or the quantum computing
	490	+	4 research, advanced computing, and defense infrastructure network
	491	+	5 remains in effect, even if there is a future transfer, sale, or disposition,
	492	+	6 directly or indirectly, of the qualified data center or the quantum
	493	+	7 computing research, advanced computing, and defense
	494	+	8 infrastructure network. A subsequent owner shall enter into an
	495	+	9 agreement with the corporation before the subsequent owner is entitled
	496	+	10 to receive a specific transaction award certificate for the remainder of
	497	+	11 the eligibility period.
	498	+	12 SECTION 20. IC 6-2.5-15-20, AS ADDED BY P.L.256-2019,
	499	+	13 SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	500	+	14 UPON PASSAGE]: Sec. 20. Beginning in 2030, and every ten (10)
	501	+	15 years thereafter, the corporation shall submit to the legislative council
	502	+	16 in an electronic format under IC 5-14-6 an economic and fiscal impact
	503	+	17 study evaluating the statewide impact of data center investments and
	504	+	18 quantum computing research, advanced computing, and defense
	505	+	19 infrastructure network investments in Indiana.
	506	+	20 SECTION 21. An emergency is declared for this act.
	507	+	EH 1601—LS 7625/DI 129 13
	508	+	COMMITTEE REPORT
	509	+	Mr. Speaker: Your Committee on Ways and Means, to which was
	510	+	referred House Bill 1601, has had the same under consideration and
	511	+	begs leave to report the same back to the House with the
	512	+	recommendation that said bill be amended as follows:
	513	+	Page 1, delete lines 1 through 17.
	514	+	Delete pages 2 through 3.
	515	+	Page 4, delete lines 1 through 17, begin a new paragraph and insert:
	516	+	"SECTION 1. IC 6-1.1-10-54 IS ADDED TO THE INDIANA
	517	+	CODE AS A NEW SECTION TO READ AS FOLLOWS
	518	+	[EFFECTIVE JANUARY 1, 2026]: Sec. 54. (a) As used in this
	519	+	section, "designating body" means the fiscal body of:
19	520		(1) a county that does not contain a consolidated city; or
20	521		(2) a municipality.
21	522		(b) As used in this section, "eligible business" means an entity
22	523		that meets the following requirements:
23	524		(1) The entity is engaged in a business that:
24	525		(A) operates; or
25	526		(B) leases qualified property for use in;
26	527		one (1) or more facilities.
27	528		(2) The entity's qualified property is located at a facility in
28	529		Indiana.
29	530		(3) The entity, the lessor of qualified property (if the entity is
30	531		a lessee), and all lessees of qualified property invest in the
31	532		aggregate at least one hundred million dollars ($100,000,000)
32	533		in real and personal property at one (1) or more facilities in
33		-	Indiana after ~~May 1~~, ~~2025~~.
	534	+	Indiana after June 30, 2022.
34	535		(4) The average wage of employees who are located in the
35	536		county or municipality and engaged in the operation of the
36		-	HEA 1601 — Concur 2
37	537		facility is at least one hundred twenty-five percent (125%) of
38	538		the county average wage for the county in which the facility
39	539		operates.
40	540		(c) As used in this section, "facility" has the meaning set forth
41	541		in IC 6-2.5-15-5.
42	542		(d) As used in this section, "fiscal body" has the meaning set
43	543		forth in IC 36-1-2-6.
44	544		(e) As used in this section, "municipality" has the meaning set
45	545		forth in IC 36-1-2-11.
46	546		(f) As used in this section, "qualified property" means quantum
47		-	safe fiber network equipment purchased after ~~May 1~~, ~~2025~~, ~~and~~
48		-	any additions to or replacements to such property.
	547	+	safe fiber network equipment purchased after December 31, 2022,
	548	+	and any additions to or replacements to such property.
49	549		(g) As used in this section, "quantum safe fiber network
	550	+	EH 1601—LS 7625/DI 129 14
50	551		equipment" has the meaning set forth in IC 6-2.5-15-13.3.
51	552		(h) A designating body may enter into an agreement with an
52	553		eligible business to grant the eligible business a property tax
53	554		exemption. In the case of a county, the exemption applies only to
54	555		qualified property that is located in unincorporated territory of the
55	556		county. In the case of a municipality, the exemption applies only to
56	557		qualified property that is located in the municipality. The property
57	558		tax exemption applies to the qualified property only if the
58	559		designating body and the eligible business enter into an agreement
59	560		concerning the property tax exemption. The agreement must
60	561		specify the duration of the property tax exemption. The agreement
61	562		may specify that if the ownership of qualified property is
62	563		transferred by an eligible business, the transferee is entitled to the
63	564		property tax exemption on the same terms as the transferor. If a
64	565		designating body enters into an agreement with an eligible
65	566		business, the qualified property owned by the eligible business is
66	567		exempt from property taxation as provided in the resolution and
67	568		the agreement.
68	569		(i) If a designating body enters into an agreement under
69	570		subsection (h) to provide a property tax exemption, the property
70	571		tax exemption continues for the period specified in the agreement.
71	572		SECTION 2. IC 6-2.5-15-0.5 IS ADDED TO THE INDIANA
72	573		CODE AS A NEW SECTION TO READ AS FOLLOWS
73		-	[EFFECTIVE ~~UPON PASSAGE~~]: Sec. 0.5. As used in this chapter,
	574	+	[EFFECTIVE JULY 1, 2025]: Sec. 0.5. As used in this chapter,
74	575		"advanced computing" means a computational method or
75	576		technology, including hardware, software, and quantum safe fiber
76	577		network equipment, that is designed, engineered, and installed to
77	578		solve large, complex problems or process large data sets, including
78	579		quantum computing, artificial intelligence, edge computing, and
79		-	HEA 1601 — Concur 3
80	580		computational sets that use entanglement nodes that are beyond
81	581		the capability of classical digital computational computing.
82	582		SECTION 3. IC 6-2.5-15-3, AS ADDED BY P.L.256-2019,
	583	+	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	584	+	JULY 1, 2025]: Sec. 3. As used in this chapter, "eligible data center
	585	+	costs" means expenditures made after December 31, 2018, 2024, for
	586	+	the development, acquisition, construction, and operation of a facility
	587	+	to be used:
	588	+	(1) as a qualified data center; or
	589	+	(2) as part of a quantum computing research, advanced
	590	+	computing, and defense infrastructure network that is
	591	+	connected by quantum safe fiber network equipment and used
	592	+	for quantum research or advanced computing at, or related
	593	+	EH 1601—LS 7625/DI 129 15
	594	+	to, a qualified military installation in Indiana or the I-Light
	595	+	network;
	596	+	including costs of all quantum safe fiber network equipment,
	597	+	rights-of-way, conduit, other required access, land, buildings, site
	598	+	improvements, modular data centers, computer data center equipment
	599	+	acquisition and permitting, lease payments, site characterization and
	600	+	assessment, engineering, and design used directly and exclusively in a
	601	+	qualified data center or as part of a quantum computing research,
	602	+	advanced computing, and defense infrastructure network
	603	+	described in subdivision (2).
	604	+	SECTION 4. IC 6-2.5-15-5, AS ADDED BY P.L.256-2019,
	605	+	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	606	+	JULY 1, 2025]: Sec. 5. As used in this chapter, "facility" means one (1)
	607	+	or more tracts of land in Indiana and:
	608	+	(1) a structure or building contained on the land used
	609	+	specifically for:
	610	+	(1) quantum research or commercialization;
	611	+	(2) quantum safe fiber network equipment;
	612	+	(3) advanced computing;
	613	+	(4) quantum research or advanced computing for the
	614	+	defense industry;
	615	+	(5) the qualified equipment that is placed in the structure
	616	+	or building; or
	617	+	(6) one (1) or more quantum safe fiber networks;
	618	+	including any structures and personal property contained on
	619	+	the land that is required to operate a quantum safe fiber
	620	+	network; and
	621	+	(2) any structures and personal property contained on the land for
	622	+	the operation of a data center;
	623	+	in either a single location or multiple distributed locations.".
	624	+	Page 4, delete lines 22 through 33, begin a new paragraph and
	625	+	insert:
	626	+	"SECTION 6. IC 6-2.5-15-6.5 IS ADDED TO THE INDIANA
	627	+	CODE AS A NEW SECTION TO READ AS FOLLOWS
	628	+	[EFFECTIVE JULY 1, 2025]: Sec. 6.5. As used in this chapter,
	629	+	"interest in a quantum computing research, advanced computing,
	630	+	and defense infrastructure network" means an entity that is the
	631	+	owner of, the operator of, or a qualified colocation tenant in, any
	632	+	element of a quantum safe fiber network or a quantum computing,
	633	+	advanced computing, and defense infrastructure network.
	634	+	(b) The term includes an interest in a portion of a quantum
	635	+	computing research, advanced computing, and defense
	636	+	EH 1601—LS 7625/DI 129 16
	637	+	infrastructure network.".
	638	+	Page 4, line 37, after "owner" delete ",".
	639	+	Page 4, line 37, reset in roman "or a qualified colocation tenant,".
	640	+	Page 4, line 38, reset in roman "data center".
	641	+	Page 4, line 38, after "data center" insert "or a".
	642	+	Page 5, delete lines 3 through 28, begin a new paragraph and insert:
	643	+	"SECTION 8. IC 6-2.5-15-9, AS ADDED BY P.L.256-2019,
	644	+	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	645	+	JULY 1, 2025]: Sec. 9. As used in this chapter, "qualified colocation
	646	+	tenant" means an entity that contracts with the owner or operator of a:
	647	+	(1) qualified data center; or
	648	+	(2) quantum computing, advanced computing, and defense
	649	+	infrastructure network;
	650	+	that is certified under this chapter to use or occupy all or part of the
	651	+	data center or quantum computing, advanced computing, and
	652	+	defense infrastructure network for a period of two (2) or more
	653	+	years.".
	654	+	Page 5, line 32, reset in roman "data center".
	655	+	Page 5, line 32, after "data center" insert "equipment or".
	656	+	Page 5, line 34, reset in roman "data center.".
	657	+	Page 5, line 34, after "center" delete "." and insert "or a".
	658	+	Page 5, delete lines 37 through 39.
	659	+	Page 6, line 1, reset in roman "qualified data center,".
	660	+	Page 6, line 1, after "center" delete "," and insert "or a".
	661	+	Page 6, line 3, reset in roman "data center".
	662	+	Page 6, line 3, after "center" insert "costs or the eligible".
	663	+	Page 6, line 5, after "costs" insert ", as applicable,".
	664	+	Page 6, line 6, reset in roman "the qualified data center.".
	665	+	Page 6, line 6, after "center." delete "." and insert "or".
	666	+	Page 6, line 11, delete "capable" and insert "safe".
	667	+	Page 6, line 13, delete "standard single mode" and insert ":
	668	+	(A) standard single mode optical fibers (G.652.D) with
	669	+	wavelengths that are between one thousand three hundred
	670	+	ten (1,310) nanometers and one thousand five hundred fifty
	671	+	(1,550) nanometers;
	672	+	(B) quantum safe coherent routing reconfigurable line
	673	+	system flexgrid optics; and
	674	+	(C) wave servers that are compliant with the federal Trade
	675	+	Agreements Act of 1979 (Public Law 96-39, 93 Stat. 144, as
	676	+	amended);
	677	+	on electronics and glass that are deployed after December 31,
	678	+	2021, with minimal splicing, that will achieve a signal loss of
	679	+	EH 1601—LS 7625/DI 129 17
	680	+	not more than fifteen (15) decibels. Each fiber splice may
	681	+	account for not more than two-tenths (0.2) decibels per
	682	+	kilometer at a wavelength of one thousand five hundred fifty
	683	+	(1,550) nanometers.".
	684	+	Page 6, delete lines 14 through 15.
	685	+	Page 6, line 23, after "points" insert "(nodes)".
	686	+	Page 6, line 24, after "with" delete "a".
	687	+	Page 6, line 24, delete "point" and insert "points (nodes)".
	688	+	Page 6, line 38, after "13.3." insert "(a)".
	689	+	Page 6, line 39, delete "capable" and insert "safe".
	690	+	Page 6, line 40, after "transmission equipment" insert ", fiber,".
	691	+	Page 7, line 1, delete "capable" and insert "safe".
	692	+	Page 7, line 1, delete "that is preapproved" and insert "that:
	693	+	(1) is preapproved by the corporation;
	694	+	(2) adheres to all compliance standards of the federal Trade
	695	+	Agreements Act of 1979 (Public Law 96-39, 93 Stat. 144, as
	696	+	amended) throughout the entire network, including all access
	697	+	physical intermediate access points (nodes);
	698	+	(3) has a manufacturing origin point in North America;
	699	+	(4) uses coherent optics or technology from D-Wave Quantum
	700	+	Systems, Inc., or its successor entity, and reconfigurable line
	701	+	system technology; and
	702	+	(5) supports quantum safe algorithms that are compliant with
	703	+	National Institute of Standards and Technology of the United
	704	+	States Department of Commerce requirements, including
	705	+	post-quantum cryptography and other post quantum resistant
	706	+	cryptography implementations.".
	707	+	Page 7, line 2, delete "by the corporation. The term includes the
	708	+	following:", begin a new paragraph and insert:
	709	+	"(b) The term includes the following:".
	710	+	Page 7, line 3, delete "Quantum-enabled" and insert
	711	+	"Quantum-safe".
	712	+	Page 7, line 5, delete "cable." and insert "cable, installed after
	713	+	December 31, 2021.".
	714	+	Page 8, line 5, after "point" insert "(node)".
	715	+	Page 8, line 18, delete "capable" and insert "safe".
	716	+	Page 8, line 19, delete "quantum capable".
	717	+	Page 8, line 20, after "equipment to" insert "create and".
	718	+	Page 8, line 20, delete "capable" and insert "safe".
	719	+	Page 8, line 27, delete "capable" and insert "safe".
	720	+	Page 8, line 37, delete "research;" and insert "research (including
	721	+	computing, communication, and networking);".
	722	+	EH 1601—LS 7625/DI 129 18
	723	+	Page 8, line 39, delete "infrastructure;" and insert "infrastructure
	724	+	network;".
	725	+	Page 9, line 4, reset in roman "data center user".
	726	+	Page 9, line 4, after "user" insert "or a".
	727	+	Page 9, line 6, reset in roman "qualified".
	728	+	Page 9, line 7, reset in roman "data center".
	729	+	Page 9, line 7, delete "portion of" and insert "or an interest in".
	730	+	Page 9, line 10, after "purchases" insert ",".
	731	+	Page 9, line 10, reset in roman "other than the purchase of utilities
	732	+	described in IC 6-2.5-4-5,".
	733	+	Page 9, line 17, reset in roman "data center.".
	734	+	Page 9, line 17, after "center" delete "." and insert "or a".
	735	+	Page 9, line 18, delete "network." and insert "network, as
	736	+	applicable.".
	737	+	Page 9, line 20, after "than" insert ":".
	738	+	Page 9, line 21, reset in roman "(A) twenty-five (25) years after the
	739	+	date of issuance; or".
	740	+	Page 9, line 22, reset in roman "(B)".
	741	+	Page 9, line 30, reset in roman "data center user".
	742	+	Page 9, line 30, after "user" insert "or".
	743	+	Page 9, line 32, after "operator" insert ", as applicable,".
	744	+	Page 10, line 2, reset in roman "data center user".
	745	+	Page 10, line 2, after "user" insert "or".
	746	+	Page 10, line 4, after "operator" insert ", as applicable,".
	747	+	Page 10, line 6, reset in roman "qualified data center user".
	748	+	Page 10, line 6, after "user" insert "or".
	749	+	Page 10, line 8, reset in roman "data center".
	750	+	Page 10, line 8, after "center" insert "equipment or".
	751	+	Page 10, line 10, after "equipment" delete "." and insert ", as
	752	+	applicable.".
	753	+	Page 10, line 13, reset in roman "qualified data center".
	754	+	Page 10, line 13, after "center" insert "or".
	755	+	Page 10, line 16, reset in roman "qualified data center".
	756	+	Page 10, line 16, after "center" insert "equipment or".
	757	+	Page 10, line 18, after "equipment" delete ":" and insert ", as
	758	+	applicable:".
	759	+	Page 10, line 19, reset in roman "qualified data center user".
	760	+	Page 10, line 19, after "user" insert "or a".
	761	+	Page 10, line 22, reset in roman "will be located in a qualified data".
	762	+	Page 10, line 22, after "data" delete "center." and insert "center, or
	763	+	is a part of a quantum safe fiber network or".
	764	+	Page 10, line 27, reset in roman "qualified data center user".
	765	+	EH 1601—LS 7625/DI 129 19
	766	+	Page 10, line 27, after "user" insert "or a".
	767	+	Page 10, line 30, reset in roman "qualified data center".
	768	+	Page 10, line 31, reset in roman "user".
	769	+	Page 10, line 31, after "user" insert "or the".
	770	+	Page 10, line 35, reset in roman "In the case of utilities described in
	771	+	IC 6-2.5-4-5, the".
	772	+	Page 10, reset in roman lines 36 through 42.
	773	+	Page 11, reset in roman line 1.
	774	+	Page 11, line 6, reset in roman "qualified data center user".
	775	+	Page 11, line 6, after "user" insert "or a".
	776	+	Page 11, line 9, after "chapter," insert "and".
	777	+	Page 11, line 9, reset in roman "is not entitled to the award".
	778	+	Page 11, reset in roman lines 10 through 11.
	779	+	Page 11, line 12, reset in roman "chapter,".
	780	+	Page 11, line 12, reset in roman "qualified data center user".
	781	+	Page 11, line 12, after "user" insert "or the".
	782	+	Page 11, line 16, reset in roman "qualified data center user".
	783	+	Page 11, line 16, after "user" insert "or the".
	784	+	Page 11, line 32, reset in roman "qualified data center user's".
	785	+	Page 11, line 32, after "user's" insert "or a".
	786	+	Page 11, line 36, reset in roman "qualified data center user".
	787	+	Page 11, line 36, after "user" insert "or the".
	788	+	Page 11, line 39, reset in roman "qualified data center".
	789	+	Page 11, line 39, after "center" insert "or the".
	790	+	Page 11, line 42, reset in roman "qualified data center".
	791	+	Page 11, line 42, after "center" delete "." and insert "or the".
	792	+	Page 12, line 10, reset in roman "data center".
	793	+	Page 12, line 10, after "center" insert "investments and".
	794	+	Renumber all SECTIONS consecutively.
	795	+	and when so amended that said bill do pass.
	796	+	(Reference is to HB 1601 as introduced.)
	797	+	THOMPSON
	798	+	Committee Vote: yeas 20, nays 3.
	799	+	EH 1601—LS 7625/DI 129 20
	800	+	COMMITTEE REPORT
	801	+	Mr. President: The Senate Committee on Tax and Fiscal Policy, to
	802	+	which was referred House Bill No. 1601, has had the same under
	803	+	consideration and begs leave to report the same back to the Senate with
	804	+	the recommendation that said bill be AMENDED as follows:
	805	+	Replace the effective dates in SECTIONS 1 through 20 with
	806	+	"[EFFECTIVE UPON PASSAGE]".
	807	+	Page 2, line 2, delete "June 30, 2022." and insert "May 1, 2025.".
	808	+	Page 2, line 15, delete "December 31, 2022," and insert "May 1,
	809	+	2025,".
	810	+	Page 3, delete lines 7 through 27, begin a new paragraph and insert:
	811	+	"SECTION 3. IC 6-2.5-15-3, AS ADDED BY P.L.256-2019,
83	812		SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
84	813		UPON PASSAGE]: Sec. 3. As used in this chapter, "eligible data
85	814		center costs" means expenditures made:
86	815		(1) after December 31, 2018, for the development, acquisition,
87	816		construction, and operation of a facility to be used as a qualified
88	817		data center, including costs of land, buildings, site improvements,
89	818		modular data centers, computer data center equipment acquisition
90	819		and permitting, lease payments, site characterization and
91	820		assessment, engineering, and design used directly and exclusively
92	821		in a qualified data center; or
93	822		(2) after May 1, 2025, for the development, acquisition,
94	823		construction, and operation of a facility to be used as part of
95	824		a quantum computing research, advanced computing, and
96	825		defense infrastructure network that is connected by quantum
97	826		safe fiber network equipment and used for quantum research
98	827		or advanced computing at, or related to, a qualified military
99	828		installation in Indiana or the I-Light network, including costs
100	829		of all quantum safe fiber network equipment, rights-of-way,
101	830		conduit, other required access, land, buildings, site
102	831		improvements, modular data centers, computer data center
103	832		equipment acquisition and permitting, lease payments, site
104	833		characterization and assessment, engineering, and design used
105	834		directly and exclusively as part of a quantum computing
106	835		research, advanced computing, and defense infrastructure
107		-	network.
108		-	SECTION 4. IC 6-2.5-15-5, AS ADDED BY P.L.256-2019,
109		-	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
110		-	UPON PASSAGE]: Sec. 5. As used in this chapter, "facility" means
111		-	one (1) or more tracts of land in Indiana and:
112		-	(1) a structure or building contained on the land used
113		-	specifically for:
114		-	(A) quantum research or commercialization;
115		-	(B) quantum safe fiber network equipment;
116		-	(C) advanced computing;
117		-	(D) quantum research or advanced computing for the
118		-	defense industry;
119		-	(E) the qualified equipment that is placed in the structure
120		-	or building; or
121		-	(F) one (1) or more quantum safe fiber networks;
122		-	HEA 1601 — Concur 4
123		-	including any structures and personal property contained on
124		-	the land that is required to operate a quantum safe fiber
125		-	network; and
126		-	(2) any structures and personal property contained on the land for
127		-	the operation of a data center;
128		-	in either a single location or multiple distributed locations.
129		-	SECTION 5. IC 6-2.5-15-5.7 IS ADDED TO THE INDIANA
130		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
131		-	[EFFECTIVE UPON PASSAGE]: Sec. 5.7. As used in this chapter,
132		-	"I-Light" has the meaning set forth in IC 8-1-32.7-3.
133		-	SECTION 6. IC 6-2.5-15-6.5 IS ADDED TO THE INDIANA
134		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
135		-	[EFFECTIVE UPON PASSAGE]: Sec. 6.5. As used in this chapter,
136		-	"interest in a quantum computing research, advanced computing,
137		-	and defense infrastructure network" means an entity that is the
138		-	owner of, the operator of, or a qualified colocation tenant in, any
139		-	element of a quantum safe fiber network or a quantum computing,
140		-	advanced computing, and defense infrastructure network.
141		-	(b) The term includes an interest in a portion of a quantum
142		-	computing research, advanced computing, and defense
143		-	infrastructure network.
144		-	SECTION 7. IC 6-2.5-15-7, AS ADDED BY P.L.256-2019,
145		-	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
146		-	UPON PASSAGE]: Sec. 7. As used in this chapter, "operator" means
147		-	an entity, other than an owner or a qualified colocation tenant,
148		-	operating a data center or a quantum computing research, advanced
149		-	computing, and defense infrastructure network pursuant to a lease
150		-	or other contract with the owner or a lessor. The term includes a
151		-	licensed property management company, a property lessor, or any other
152		-	individual or entity responsible for the control, oversight, or
153		-	maintenance of a facility. The term also includes an affiliate of an
154		-	operator.
155		-	SECTION 8. IC 6-2.5-15-9, AS ADDED BY P.L.256-2019,
156		-	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
157		-	UPON PASSAGE]: Sec. 9. As used in this chapter, "qualified
158		-	colocation tenant" means an entity that contracts with the owner or
159		-	operator of a:
160		-	(1) qualified data center; or
161		-	(2) quantum computing, advanced computing, and defense
162		-	infrastructure network;
163		-	that is certified under this chapter to use or occupy all or part of the
164		-	data center or quantum computing, advanced computing, and
165		-	HEA 1601 — Concur 5
166		-	defense infrastructure network for a period of two (2) or more years.
167		-	SECTION 9. IC 6-2.5-15-11, AS ADDED BY P.L.256-2019,
168		-	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
169		-	UPON PASSAGE]: Sec. 11. As used in this chapter, "qualified data
170		-	center equipment" means data center equipment or quantum
171		-	computing research, advanced computing, and defense
172		-	infrastructure network equipment located at in a qualified data center
173		-	or a quantum computing research, advanced computing, and
174		-	defense infrastructure network.
175		-	SECTION 10. IC 6-2.5-15-13, AS ADDED BY P.L.256-2019,
	836	+	network.".
	837	+	Page 3, line 34, delete "(1)" and insert "(A)".
	838	+	Page 3, line 35, delete "(2)" and insert "(B)".
	839	+	Page 3, line 36, delete "(3)" and insert "(C)".
	840	+	Page 3, line 37, delete "(4)" and insert "(D)".
	841	+	EH 1601—LS 7625/DI 129 21
	842	+	Page 3, line 39, delete "(5)" and insert "(E)".
	843	+	Page 3, line 41, delete "(6)" and insert "(F)".
	844	+	Page 5, delete lines 8 through 18, begin a new paragraph and insert:
	845	+	"SECTION 10. IC 6-2.5-15-13, AS ADDED BY P.L.256-2019,
176	846		SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
177	847		UPON PASSAGE]: Sec. 13. As used in this chapter, "qualified
178	848		investment" means, with respect to a:
179	849		(1) qualified data center, the aggregate nonduplicative eligible
180	850		data center costs expended by any entity with an interest in the
181	851		qualified data center; or
182	852		(2) quantum computing research, advanced computing, and
183	853		defense infrastructure network, the aggregate nonduplicative
184	854		eligible costs expended by any entity with an interest in the
185	855		quantum computing research, advanced computing, and
186		-	defense infrastructure network.
187		-	SECTION 11. IC 6-2.5-15-13.2 IS ADDED TO THE INDIANA
188		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
189		-	[EFFECTIVE UPON PASSAGE]: Sec. 13.2. As used in this chapter,
190		-	"quantum safe fiber network" means a fiber network that includes
191		-	each of the following attributes:
192		-	(1) A deployed fiber infrastructure comprised of:
	856	+	defense infrastructure network.".
	857	+	Page 5, delete lines 24 through 42, begin a new line block indented
	858	+	and insert:
	859	+	"(1) A deployed fiber infrastructure comprised of:
193	860		(A) standard single mode optical fibers (G.652.D) that are
194	861		compliant with the federal Trade Agreements Act of 1979
195	862		(Public Law 96-39, 93 Stat. 144, as amended);
196	863		(B) flexgrid reconfigurable photonic layer; and
197	864		(C) only coherent optical transponders with FIPS 140-3
198	865		certified L1 encryption (OTNsec) with support for external
199	866		key from quantum key distribution servers that are
200	867		compliant with the federal Trade Agreements Act of 1979
201	868		(Public Law 96-39, 93 Stat. 144, as amended);
202	869		on electronics and glass.
203	870		(2) A fiber infrastructure that is connected to:
204	871		(A) a military installation of the United States of America;
205	872		(B) the Indiana National Guard;
206	873		(C) another military outlet or I-Light; or
207	874		(D) an institution of higher learning conducting quantum
208		-	HEA 1601 — Concur 6
209	875		computing research or advanced computing research.
210	876		(3) A network engineered with physical intermediate access
211	877		points (nodes) not more than sixty (60) miles apart.
212	878		(4) A network with physical intermediate access points
213	879		(nodes) equipped with physical access control and remote
214	880		monitoring.
215	881		(5) A network with quantum key distribution (QKD) servers
216	882		deployed on every fiber span.
217	883		(6) A network that is not used for residential broadband and
	884	+	EH 1601—LS 7625/DI 129 22
218	885		limited in use to less fifteen percent (15%) for commercial
219	886		broadband (ISP) applications.
220	887		(7) A network that complies with the federal Trade
221	888		Agreements Act of 1979 (Public Law 96-39, 93 Stat. 144) as
222		-	amended.
223		-	SECTION 12. IC 6-2.5-15-13.3 IS ADDED TO THE INDIANA
224		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
225		-	[EFFECTIVE UPON PASSAGE]: Sec. 13.3. (a) As used in this
226		-	chapter, "quantum safe fiber network equipment" means optical
227		-	gear, transmission equipment, fiber, computer equipment,
228		-	software, or any other equipment or software of any type
229		-	purchased or leased for the processing, storage, retrieval,
230		-	communication, or transmission of data over a quantum safe fiber
231		-	network that:
232		-	(1) is preapproved by the corporation;
233		-	(2) adheres to all compliance standards of the federal Trade
	889	+	amended.".
	890	+	Page 6, delete lines 1 through 18.
	891	+	Page 6, delete lines 33 through 35, begin a new line block indented
	892	+	and insert:
	893	+	"(4) uses only coherent optics with FIPS 140-3 certified
	894	+	encryption technology; and".
	895	+	Page 6, delete line 42, begin a new line block indented and insert:
	896	+	"(1) Installed quantum-safe optical gear and federal Trade
234	897		Agreements Act of 1979 (Public Law 96-39, 93 Stat. 144, as
235		-	amended) throughout the entire network, including all access
236		-	physical intermediate access points (nodes);
237		-	(3) has a manufacturing origin point in North America;
238		-	(4) uses only coherent optics with FIPS 140-3 certified
239		-	encryption technology; and
240		-	(5) supports quantum safe algorithms that are compliant with
241		-	National Institute of Standards and Technology of the United
242		-	States Department of Commerce requirements, including
243		-	post-quantum cryptography and other post quantum resistant
244		-	cryptography implementations.
245		-	(b) The term includes the following:
246		-	(1) Installed quantum-safe optical gear and federal Trade
247		-	Agreements Act of 1979 (Public Law 96-39, 93 Stat. 144, as
248		-	amended) compliant American-made fiber optic cable.
249		-	(2) Servers, routers, connections, monitoring and security
250		-	systems, and other enabling machinery, equipment, and
251		-	HEA 1601 — Concur 7
252		-	hardware, regardless of whether the property is affixed to or
253		-	incorporated into real property.
254		-	(3) Equipment used in the operation of computer equipment
255		-	or software or for the benefit of a quantum computing
256		-	research, advanced computing, and defense infrastructure
257		-	network, including component parts, installations,
258		-	refreshments, replacements, and upgrades, regardless of
259		-	whether the property is affixed to or incorporated into real
260		-	property.
261		-	(4) All equipment necessary for the transformation,
262		-	generation, distribution, or management of electricity that is
263		-	required to operate advanced computer or quantum
264		-	computer server equipment, including substations,
265		-	generators, uninterruptible energy equipment, supplies,
266		-	conduit, fuel piping and storage, cabling, duct banks, switches,
267		-	switchboards, batteries, testing equipment, and backup
268		-	generators.
269		-	(5) All equipment necessary to cool and maintain a controlled
270		-	environment for the operation of the computer servers and
271		-	other components of a quantum fiber network, including
272		-	chillers, mechanical equipment, refrigerant piping, fuel piping
273		-	and storage, adiabatic and free cooling systems, cooling
274		-	towers, water softeners, air handling units, indoor direct
275		-	exchange units, fans, ducting, and filters.
276		-	(6) All water conservation systems, including facilities or
277		-	mechanisms that are designed to collect, conserve, and reuse
278		-	water required for the infrastructure of a quantum fiber
279		-	network.
280		-	(7) All computer server equipment, chassis, networking
281		-	equipment, switches, racks, fiber optic and copper cabling,
282		-	trays, and conduit required for a quantum fiber network.
283		-	(8) All conduit, ducting, and fiber optic and copper cabling
284		-	required for a quantum fiber network.
285		-	(9) All monitoring equipment and security systems.
286		-	(10) All software required for the operation, development,
287		-	and maintenance of a quantum fiber network.
288		-	(11) All intangible rights to use conduit or existing fibers
289		-	directly related to a quantum fiber network.
290		-	(12) All tangible and intangible personal property that is
291		-	required for operation of each intermediate access point
292		-	(node) connected to a quantum fiber network, excluding
293		-	property used in the administration of the facility.
294		-	HEA 1601 — Concur 8
295		-	(13) Other tangible and intangible personal property that is
296		-	essential to the operations of a quantum fiber network,
297		-	excluding property used in the administration of the facility.
298		-	(14) All electricity used by qualified quantum fiber network
299		-	equipment, excluding electricity used in the administration of
300		-	the facility.
301		-	SECTION 13. IC 6-2.5-15-13.4 IS ADDED TO THE INDIANA
302		-	CODE AS A NEW SECTION TO READ AS FOLLOWS
303		-	[EFFECTIVE UPON PASSAGE]: Sec. 13.4. As used in this chapter,
304		-	"quantum computing research, advanced computing, and defense
305		-	infrastructure network" means the quantum safe fiber network
306		-	between two (2) or more facilities using qualified equipment to
307		-	create and connect qualified facilities to a quantum safe fiber
308		-	network that create a minimum qualified investment of at least
309		-	fifty million dollars ($50,000,000) on or before the fifth anniversary
310		-	of the issuance of the specific transaction award certificate by the
311		-	corporation. The term includes the land, buildings, site
312		-	improvements, permitting, lease payments, site characterization
313		-	and assessment, engineering and design, quantum safe fiber
314		-	network equipment, rights-of-way, and any other required access,
315		-	used directly to be a part of:
316		-	(1) a qualified advanced computing or a qualified quantum
317		-	computing research initiative within Indiana;
318		-	(2) the deployment or expansion of advanced computing,
319		-	within Indiana;
320		-	(3) the expansion of the defense industry within Indiana; or
321		-	(4) the quantum computing research, advanced computing
322		-	and defense infrastructure network connected to and used
323		-	for:
324		-	(A) quantum research (including computing,
325		-	communication, and networking);
326		-	(B) advanced computing; or
327		-	(C) defense infrastructure network;
328		-	at or related to the federal or state of Indiana military
329		-	installations, research universities, I-Light, or any other
330		-	Department of Defense or Indiana National Guard
331		-	installation within Indiana.
332		-	SECTION 14. IC 6-2.5-15-14, AS ADDED BY P.L.256-2019,
333		-	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
334		-	UPON PASSAGE]: Sec. 14. (a) A qualified data center user or a
335		-	quantum computing research, advanced computing, and defense
336		-	infrastructure network operator that holds an interest in a qualified
337		-	HEA 1601 — Concur 9
338		-	data center or an interest in a quantum computing research,
339		-	advanced computing, and defense infrastructure network may
340		-	apply to the corporation for a specific transaction award certificate to
341		-	make purchases, other than the purchase of utilities described in
342		-	IC 6-2.5-4-5, that are exempt under this chapter. The request must be
343		-	on a form prescribed by the corporation.
344		-	(b) The corporation has exclusive authority over issues related to
345		-	issuing a specific transaction award certificate.
346		-	(c) If the corporation issues a specific transaction award certificate
347		-	under this chapter, the certificate must state that the facility is a
348		-	qualified data center or a quantum computing research, advanced
349		-	computing, and defense infrastructure network, as applicable.
350		-	(d) A specific transaction award certificate issued by the corporation
351		-	shall expire not later than:
	898	+	amended) compliant American-made fiber optic cable.".
	899	+	Page 7, delete lines 1 through 3.
	900	+	Page 9, delete lines 18 through 24, begin a new paragraph and
	901	+	insert:
	902	+	"(d) A specific transaction award certificate issued by the
	903	+	corporation shall expire not later than:
352	904		(A) (1) twenty-five (25) years after the date of issuance; or
353	905		(B) (2) in the case of a qualified data center user, fifty (50)
354	906		years after the date of issuance if the qualified investment is seven
355	907		hundred fifty million dollars ($750,000,000) or greater; or
356	908		(3) in the case of a quantum computing research, advanced
357	909		computing, and defense infrastructure network operator, fifty
358	910		(50) years after the date of issuance if the qualified investment
359	911		is fifty million dollars ($50,000,000) or greater within three (3)
360		-	years of the issuance of the transaction award certificate.
361		-	SECTION 15. IC 6-2.5-15-15, AS ADDED BY P.L.256-2019,
362		-	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
363		-	UPON PASSAGE]: Sec. 15. The following apply if the corporation
364		-	approves an application for a specific transaction award certificate:
365		-	(1) The corporation shall require the qualified data center user or
366		-	quantum computing research, advanced computing, and
367		-	defense infrastructure network operator, as applicable, to
368		-	enter into an agreement with the corporation as a condition of
369		-	receiving a specific transaction award certificate under this
370		-	chapter.
371		-	(2) The agreement with the corporation must include:
372		-	(A) a detailed description of the project that is the subject of
373		-	the agreement that includes documentation of compliance
374		-	with the requirement that the investment be specific to
375		-	infrastructure for the Indiana defense industry or
376		-	quantum computing research or advanced computing;
377		-	(B) the duration of the specific transaction award certificate
378		-	and the first taxable year for which the award provided by this
379		-	chapter may be used; and
380		-	HEA 1601 — Concur 10
381		-	(C) a requirement that the qualified data center user or
382		-	quantum computing research, advanced computing, and
383		-	defense infrastructure network operator, as applicable,
384		-	annually report to the corporation on the amount of taxes that
385		-	were not paid by the qualified data center user or quantum
386		-	computing research, advanced computing, and defense
387		-	infrastructure network operator in connection with the
388		-	purchase of data center equipment or quantum computing
389		-	research, advanced computing, and defense infrastructure
390		-	network equipment, as applicable.
391		-	SECTION 16. IC 6-2.5-15-16, AS ADDED BY P.L.256-2019,
392		-	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
393		-	UPON PASSAGE]: Sec. 16. The sale of qualified data center or
394		-	quantum computing research, advanced computing, and defense
395		-	infrastructure network equipment is exempt from the state gross
396		-	retail tax if the qualified data center equipment or quantum
397		-	computing research, advanced computing, and defense
398		-	infrastructure network equipment, as applicable:
399		-	(1) is sold to a qualified data center user or a quantum
400		-	computing research, advanced computing, and defense
401		-	infrastructure network approved by the corporation under this
402		-	chapter; and
403		-	(2) will be located in a qualified data center, or is a part of a
404		-	quantum safe fiber network or is a part of a quantum
405		-	computing research, advanced computing, and defense
406		-	infrastructure network.
407		-	SECTION 17. IC 6-2.5-15-17, AS ADDED BY P.L.256-2019,
408		-	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
409		-	UPON PASSAGE]: Sec. 17. A qualified data center user or a
410		-	quantum computing research, advanced computing, and defense
411		-	infrastructure network operator is not entitled to the exemption
412		-	provided by section 16 of this chapter unless the qualified data center
413		-	user or the quantum computing research, advanced computing, and
414		-	defense infrastructure network operator provides the seller with an
415		-	exemption certificate on a form prescribed by the department and a
416		-	copy of the specific transaction award certificate issued by the
417		-	corporation. In the case of utilities described in IC 6-2.5-4-5, the
418		-	qualified data center user may issue an exemption certificate on a form
419		-	prescribed by the department and a copy of the specific transaction
420		-	award certificate issued by the corporation to cover all utility purchases
421		-	from that seller. However, for the corporation to issue a specific
422		-	transaction award certificate for utilities described in IC 6-2.5-4-5, the
423		-	HEA 1601 — Concur 11
424		-	qualified data center user must agree to report and remit use tax under
425		-	this article to the department on the part of the utility purchases used
426		-	for administration of the facility.
427		-	SECTION 18. IC 6-2.5-15-18, AS ADDED BY P.L.256-2019,
428		-	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
429		-	UPON PASSAGE]: Sec. 18. (a) This section does not apply to a
430		-	qualified data center user that is a qualified colocation tenant.
431		-	(b) (a) If the corporation determines that a qualified data center user
432		-	or a quantum computing research, advanced computing, and
433		-	defense infrastructure network operator that did not pay taxes as a
434		-	result of the award provided under this chapter, and is not entitled to
435		-	the award because of the qualified data center user's noncompliance
436		-	with the requirements of the sales tax award certificate agreement or
437		-	this chapter, the corporation shall, after giving the qualified data center
438		-	user or the operator an opportunity to explain the noncompliance:
439		-	(1) notify the department of the noncompliance; and
440		-	(2) request the department to impose an assessment on the
441		-	qualified data center user or the quantum computing research,
442		-	advanced computing, and defense infrastructure network
443		-	operator in an amount that may not exceed the sum of the taxes
444		-	not paid as a result of the exemption provided under this chapter
445		-	together with interest and penalties required or permitted by law.
446		-	(c) (b) Notwithstanding the provisions of IC 6-8.1-5-2, an
447		-	assessment under subsection (b) (a) is considered timely if the
448		-	department issues a proposed assessment:
449		-	(1) not later than one hundred eighty (180) days from the date the
450		-	department is notified of the noncompliance; or
451		-	(2) the date on which a proposed assessment could otherwise be
452		-	issued in a timely manner under IC 6-8.1-5-2;
453		-	whichever is later.
454		-	SECTION 19. IC 6-2.5-15-19, AS ADDED BY P.L.256-2019,
455		-	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
456		-	UPON PASSAGE]: Sec. 19. Except as provided in section 18 of this
457		-	chapter, if the corporation approves a qualified data center user's or a
458		-	quantum computing research, advanced computing, and defense
459		-	infrastructure network operator's application to receive a specific
460		-	transaction award certificate and enters into an agreement with the
461		-	qualified data center user or the quantum computing research,
462		-	advanced computing, and defense infrastructure network operator
463		-	for a specific transaction award certificate, the corporation's
464		-	certification of the qualified data center or the quantum computing
465		-	research, advanced computing, and defense infrastructure network
466		-	HEA 1601 — Concur 12
467		-	remains in effect, even if there is a future transfer, sale, or disposition,
468		-	directly or indirectly, of the qualified data center or the quantum
469		-	computing research, advanced computing, and defense
470		-	infrastructure network. A subsequent owner shall enter into an
471		-	agreement with the corporation before the subsequent owner is entitled
472		-	to receive a specific transaction award certificate for the remainder of
473		-	the eligibility period.
474		-	SECTION 20. IC 6-2.5-15-20, AS ADDED BY P.L.256-2019,
475		-	SECTION 2, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
476		-	UPON PASSAGE]: Sec. 20. Beginning in 2030, and every ten (10)
477		-	years thereafter, the corporation shall submit to the legislative council
478		-	in an electronic format under IC 5-14-6 an economic and fiscal impact
479		-	study evaluating the statewide impact of data center investments and
480		-	quantum computing research, advanced computing, and defense
481		-	infrastructure network investments in Indiana.
482		-	SECTION 21. An emergency is declared for this act.
483		-	HEA 1601 — Concur Speaker of the House of Representatives
484		-	President of the Senate
485		-	President Pro Tempore
486		-	Governor of the State of Indiana
487		-	Date: Time:
488		-	HEA 1601 — Concur
	912	+	years of the issuance of the transaction award certificate.".
	913	+	Page 12, after line 16, begin a new paragraph and insert:
	914	+	"SECTION 21. An emergency is declared for this act.".
	915	+	Renumber all SECTIONS consecutively.
	916	+	and when so amended that said bill do pass.
	917	+	(Reference is to HB 1601 as printed February 13, 2025.)
	918	+	HOLDMAN, Chairperson
	919	+	Committee Vote: Yeas 9, Nays 3.
	920	+	EH 1601—LS 7625/DI 129