Latest / Lexington News Today | 2 Min News | The Daily News Now!
Kentucky’s $1B Tax Blow for Data Centers | Lexington News
Kentucky could lose up to $2 billion in tax revenue if it proceeds with sweeping sales tax exemptions for data centers — a move that could become the state’s largest tax break, favoring tech giants while risking cuts to schools and Medicaid. Originally targeted at Jefferson County, the law expanded statewide in 2025, covering nearly all equipment and infrastructure for decades. Early estimates of $15 million annual cost have ballooned to $1.2–$2.2 billion for just four AI-focused facilities — with more on the way. Other states are now pausing or scrapping similar deals as the true financial…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.