(a) In general.
Section 1400Z–2(d)(2)(D) of the Internal Revenue Code of 1986 is amended by adding at the end the following new clause:
Text this section adds to the law
(iv) Exclusion.
The term qualified opportunity zone business property shall not include any covered data center (as defined in clause (iii) of section 168(k)(2)(I)) or any qualified data center property (as defined in clause (ii) of such section).
(b) Effective date.
The amendment made by this section shall apply to property acquired in taxable years beginning after the date of the enactment of this Act.