OKLAHOMA CITY — A nonpartisan state question appearing on Aug. 25 runoff ballots, which has vocal support from the state Capitol, has raised concerns that it could come at a cost to public schools. State Question 844 would give the Oklahoma Legislature the authority to recalculate how much it should pay to local government entities, […]
AUSTIN, Texas— Texas lawmakers are taking a fresh look at a tax break for data centers as the cost to taxpayers continues to climb.During a Senate Finance Committee hearing Monday, lawmakers questioned whether a 2013 sales tax exemption for qualifying data centers still makes sense as artificial intelligence fuels rapid industry growth.The incentive cost the state an estimated $14.6 million during the 2014-15 budget cycle. Today, the Texas Comptroller's Office projects that figure will reach $3.3 billion in the 2028-29 biennium.Lawmakers also raised concerns about whether the tax incentive creates enough permanent jobs and whether stronger oversight is needed after a recent state audit found six of 20 data centers reviewed failed to meet certification requirements.Senate Finance Committee Chair Joan Huffman said she plans to introduce legislation next session to revisit the exemption.The review comes as Texas leaders also weigh the impact of data centers on the state's power grid, water supplies and taxpayers amid the rapid expansion of artificial intelligence.
(The Center Square) – Thousands of hospitals subsidized by American taxpayers could face heightened fiscal scrutiny under new legislation heading to the U.S. House floor.
By Zachery Schmidt | The Center Square contributor
(The Center Square) - Arizona disabled veterans will now have access to some of the strongest property tax relief benefits in America, according to state House Majority Leader Michael Carbone, R-Buckeye.
(The Center Square) – Ohio Gov. Mike DeWine paused any new sales and use tax exemptions for data centers as the state legislature studies the impact of the rapidly growing industry.
