Amends existing law to revise provisions regarding the sales tax exemption for Idaho information technology equipment.

MostbusinessesinIdahopayasalestaxonbusinesspurchasesanddeducttheexpenseonincometaxreturns. In 2019, data centers that cost at least $250 million and provide at least 30 jobs received a full sales tax exemption for their servers and related consumer equipment. The exemption never ends so future expenses are exempt. Data centers use a lot of water and electric resources and do not create many jobs except during construction. This legislation provides that the exemption is good for 7 years after the exemption is first issued. Those who presently have the exemption are not affected. After 7 years the sales tax revenues must be remitted by the data center owners to the tax relief fund for the benefit of the people of Idaho.