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Texas Data Center Tax Exemption Crisis | Texas News
Texas lawmakers are sounding the alarm over a 2013 law that grants massive sales tax breaks to data centers — now projected to cost the state $3.3 billion over the next two years, up from just $14 million a decade ago. Critics want to pause new data center construction until the state can better manage the financial fallout, citing lax oversight that lets companies collect tax exemptions upfront — only to be audited years later and forced to pay back unpaid taxes with no deadline. One proposal? Require companies to post a bond instead of getting tax-free status. Meanwhile, the Data Center…
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