Pursuit for tax exemptions for data centers in N.Y. slammed – spectrumlocalnews.com

Pursuit for tax exemptions for data centers in N.Y. slammed  spectrumlocalnews.com

As part of her community investment framework, Gov. Hochul announced protections for communities from exploitative data center development this week. As part of her community investment framework, Gov. Kathy Hochul announced protections for communities from exploitative data center development this week. This is in the wake of the executive order she signed in July establishing a one-year moratorium on new data center development in the state. As part of the newly announced framework, Hochul is “pursuing legislation to repeal sales tax exemptions for massive data centers across the state.” Some business leaders don’t agree with her approach.            “Repealing equal tax treatment for data centers is actually discrimination against data centers.

It’s a more complex, it’s an unfair tax policy that will throw New York into a competitive disadvantage,” said Pete Sepp, president of the National Taxpayers Union. “Any New Yorker who is concerned about inflation right now should be very concerned about the governor’s proposal. It will guarantee higher prices for all kinds of goods and services.” Sepp said, “Sales tax exemptions of raw materials and equipment are a longstanding feature of most state tax codes.” If they’re repealed for data centers in the Empire State, that could discourage future business. Sepp adds while the focus is on AI data centers, he said data centers support “so much more,” including