State Losses From Data Center Tax Breaks Top $3 Billion Annually

US states lose more than $3 billion annually through “out of control” tax exemption programs subsidizing data storage facilities operated by technology giants from Amazon.com to Meta Platforms Inc., a report by a tax policy group found.

At least 10 states annually forgo more than $100 million each from programs subsidizing data facilities, server farms, and cloud computing centers, Good Jobs First said Thursday. Those 10 states—Texas, Virginia, Illinois, Georgia, Iowa, Nevada, Ohio, Minnesota, Washington, and Tennessee—collectively waived about $3.1 billion during the most recent year for reportable data, which varied across states.

Texas led the nation with $1 ...