Texa multibillion-dollar sales tax exemption for data centers is growing, while audits lag
· KRGV (NBC 5)
Texas is facing an increasing multibillion-dollar loss in sales tax revenue due to exemptions granted to data centers, with the Comptroller's Office indicating limited compliance data. Out of 138 certified data centers, only 20 have been audited, revealing that six were not meeting the exemption requirements. The state anticipates a $3.2 billion loss over the next two years, a figure likely underestimated due to the rapid growth of new data centers. Lawmakers are considering reforms or a repeal of the tax exemption amid concerns about its escalating costs and the impact on local communities.
AI summary · Source: KRGV (NBC 5) →
