Minnesota Big Tech Data Centers Tax Break Extension

planned

The Minnesota Legislature passed a bipartisan bill extending tax breaks for technology companies on their data centers until 2077. The bill extends the sales tax exemption on purchases of computers, servers, software, and cooling and energy equipment for data centers from 20 years to 35 years, with a sunset date of 2077. The bill also revokes the sales tax exemption on electricity bills for data centers and introduces an annual fee on large-scale data centers to fund energy upgrades for low-income residents and clean energy tariffs.