Wisconsin Data Center Tax Break to Cost State More than $2 Billion

Report: Wisconsin will forego $1.5B in sales tax to 4 data center companies

(The Center Square) – Wisconsin is estimated to lose $1.5 billion in initial foregone state sales tax from four data center projects, according to a new Legislative Audit Bureau report.

Data center tax break to cost state more than $2B

Wisconsin is poised to forgo more than $2 billion in sales tax revenue to subsidize hyperscale data centers built by trillion-dollar companies such as Microsoft and Meta. Data centers were granted a sales tax exemption in the 2023-25 state budget, which was approved by the Republican-controlled Legislature and Democratic Gov. Tony Evers as a way to attract economic development to the state. That means the $1 billion data center in Beaver Dam, a …

Wisconsin data center tax break to cost state more than $2B

Designed to lure data centers, the sales tax break is now drawing scrutiny. But some say the development boom will boost other types of revenue. The post Wisconsin data center tax break to cost state more than $2B appeared first on WPR.

Wisconsin data center tax break to cost state more than $2 billion

Designed to lure data centers, the sales tax break is now drawing scrutiny. But some say the development boom will boost other types of revenue.

Wisconsin data center tax break costs more than $2 billion in lost revenue

Click here to read highlights from the story Wisconsin in 2023 exempted data centers from the sales tax. A new estimate finds that means the state is missing out on more than $2 billion in revenue from massive data centers under construction. The estimate does not include related sales tax and other revenue the state is collecting as a result of the construction. Other states, including Minnesota, are starting to pull back on tax incentives f…