AIQuartzabout 2 hours ago
Senate Democrats Question Meta on Tax Credits
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Seven Senate Democrats led by Ron Wyden demand Meta explain claims of $6.6 billion in federal research tax credits for AI data centers by Oct. 31. The group alleges the company misapplied the law, citing credits of $700 million in 2023, $2 billion in 2024, and $3.9 billion in 2025, potentially violating tax statutes meant for experimental work.
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