Lemmy Today

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How a Washington Tax Break for Data Centers Snowballed Into One of the State’s Biggest Corporate Giveaways (www.propublica.org)
 
 

One of Washington’s largest corporate tax breaks has grown alongside a data center boom in Central Washington, including this data center in East Wenatchee owned by the Sabey Corp. Despite forgoing more than $474 million since 2018, the state can’t say how many jobs were created by the tax break. During that same time frame, it also hasn’t evaluated whether the revenue loss was worth it.

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How a Washington Tax Break for Data Centers Snowballed Into One of the State’s Biggest Corporate Giveaways (www.propublica.org)
 
 

State lawmakers nearly unanimously passed the special exemption and have kept the benefits flowing to the industry ever since. But the tax break has strayed from its original promises, and the state failed to fully scrutinize whether the sacrifices were worth it, a deep examination of legislative archives, public tax disclosures and utility data by The Seattle Times and ProPublica revealed.

The data center industry’s demand for electricity is growing so much that it could threaten Washington’s efforts to transition to a carbon-free power grid, the news organizations recently reported.

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How a Washington Tax Break for Data Centers Snowballed Into One of the State’s Biggest Corporate Giveaways (www.propublica.org)
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How a Washington Tax Break for Data Centers Snowballed Into One of the State’s Biggest Corporate Giveaways (www.propublica.org)
 
 

Companies have saved $474 million since 2018, with most of the windfall going to Washington-based tech giant Microsoft. Lawmakers repeatedly expanded who qualifies, and they lowered the number of jobs expected in return.

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How a Washington Tax Break for Data Centers Snowballed Into One of the State’s Biggest Corporate Giveaways (www.propublica.org)
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How a Washington Tax Break for Data Centers Snowballed Into One of the State’s Biggest Corporate Giveaways (www.propublica.org)
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How a Washington Tax Break for Data Centers Snowballed Into One of the State’s Biggest Corporate Giveaways. (www.propublica.org)
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