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Nearly a dozen states paused or rolled back data center tax incentives
Bisnow reports the changes have accelerated over the past six months, pushing developers to plan projects without relying on the breaks.
Data center developers are increasingly preparing to build without tax incentives as state and local governments roll back or pause key benefits, according to Bisnow.
The outlet reports that as opposition to data center development has grown and the industry has become a political flashpoint ahead of November’s midterm elections, nearly a dozen states have paused or rolled back data center tax incentives over the past six months.
Bisnow says counties and municipalities in major data center markets are also enacting moratoriums and new restrictions on incentives that developers have historically depended on for large-scale projects.
The article notes that these state-level incentives have helped shape where billions of dollars in digital infrastructure investment has landed during the industry’s growth over the past nearly decade.