1. (a) This section applies to a qualified data center user that:

   1. (1) uses or will use qualified data center equipment in connection with a qualified data center for which a permit that:

      1. (A) authorizes the development, construction, or operation of the qualified data center in a local unit; and
      2. (B) is issued after June 30, 2026, by the local authority with jurisdiction over the local unit; and
   2. (2) is issued a specific transaction award certificate under this chapter with respect to the qualified data center after June 30, 2026.
2. (b) In order to use the specific transaction award certificate issued under this chapter, the qualified data center user described in subsection (a) shall submit to the county treasurer or fiscal officer of a municipality, whichever enters into the agreement with the data center, an amount equal to not more than one percent (1%) of the state gross retail and use taxes not paid on the data center's total amount of electricity billed each calendar quarter continuing through the duration of the specific transaction award certificate.
3. (c) Upon request by a county treasurer or fiscal officer of a municipality, whichever enters into the agreement with the data center, the state department of revenue shall report the amount owed to the county treasurer or fiscal officer of a municipality of the jurisdiction in which the data center is located at the end of the data center company's taxable year.

4. (d) The county or city shall determine:

   1. (1) how the contributions required under subsection (b) will be allocated; and
   2. (2) for what purposes the contributions required under subsection
   3. (b) will be used.

As added by P.L.157-2026, SEC.100.