Specific transaction award certificate to make purchases that are exempt; duration of certificate
Ind. Code § 6-2.5-15-14
in effectRevisor's Note: The effective date of amendment of IC 6-2.5-15-14 by P.L.178-2025, SEC.14 was changed to 1-1-2026 by P.L.213-2025, SEC.337.
Sec. 14. (a) A qualified data center user or a quantum computing research, advanced computing, and defense infrastructure network operator that holds an interest in a qualified data center or an interest in a quantum computing research, advanced computing, and defense infrastructure network may apply to the corporation for a specific transaction award certificate to make purchases, other than the purchase of utilities described in IC 6-2.5-4-5, that are exempt under this chapter. The request must be on a form prescribed by the corporation.
(b) The corporation has exclusive authority over issues related to issuing a specific transaction award certificate.
(c) If the corporation issues a specific transaction award certificate under this chapter, the certificate must state that the facility is a qualified data center or a quantum computing research, advanced computing, and defense infrastructure network, as applicable.
(d) A specific transaction award certificate issued by the corporation shall expire not later than:
(1) twenty-five (25) years after the date of issuance;
(2) in the case of a qualified data center user, fifty (50) years after the date of issuance if the qualified investment is seven hundred fifty million dollars ($750,000,000) or greater; or
(3) in the case of a quantum computing research, advanced computing, and defense infrastructure network operator, fifty (50) years after the date of issuance if the qualified investment is fifty million dollars ($50,000,000) or greater within three (3) years of the issuance of the transaction award certificate.
As added by P.L.256-2019, SEC.2. Amended by P.L.178-2025, SEC.14.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026