Wyden targets data centers with new taxes and incentive limits

1 min read
Source: Politico
TL;DR

Sen. Ron Wyden proposes a federal framework aimed at data centers that would bar them from Opportunity Zone incentives, bar full expensing for data-center investments, and impose a low single‑digit excise tax whose revenue would be used to aid communities affected by AI; Wyden argues the data-center boom shows incentives aren’t needed and emphasizes funding to address AI’s impacts, while noting that details like defining what qualifies as a data center still need work. The update also covers related Capitol Hill developments on AI legislation and Senate agenda discussions.

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