AIForbes Innovationabout 2 hours ago
Power-Bill Fears Drove Virginia's First-In-Nation Data Center Tax
1 min read
Virginia became the first state to tax data center electricity consumption, imposing a 1.1 cent per kilowatt-hour levy starting July 1. The tax reflects growing public concern that AI buildout could raise household bills. A Dallas Fed model estimates wholesale prices could rise up to 50% by 2028 under high-utilization scenarios.
Level
Hype check
Tap to vote and see what everyone thinks.
Summary by ByteBrief
