AIFortuneabout 3 hours ago
Data center tax breaks cost states billions
6 min read
Nearly 5,000 U.S. data centers operate across all 50 states, with almost three-quarters of states offering tax incentives that cost billions in revenue. Illinois saw exempt projects jump from six in 2020 to 27 by 2024, while a Georgia Tech study found electricity prices rose about 5% after data centers opened.
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