Data centers excluded from definition of opportunity zone business

(a) In general Section 1400Z–2(d)(3)(A)(iii) of the Internal Revenue Code of 1986 is amended by inserting and is not a data center after section 144(c)(6)(B). (b) Conforming amendment Section 1400Z–2(d)(2)(D)(i) of such Code is amended by striking trade or business and inserting qualified opportunity zone trade or business. (c) Effective date The amendments made by this section shall apply to stock, capital or profits interests, and property acquired after the date of the enactment of this Act.