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That’s not nearly enough. Data centers are a disaster.
98% chance the survey that legislators put together to show us all the economic benefits of data centers … will be so mediocre in impact that it will be dumped after the session ends.
We will find out the only people making money off data centers are utility companies and the legislators who got those sweet, sweet campaign contribution checks to write laws favoring data centers.
Essentially countering the tax incentives offered by the State to build in Indiana in the first place?
Countering? This change would allow them to continue not paying 85% of the sales taxes everyone else pays.
So still no relief for taxpayers who will experience increased costs for electricity and gas, and decrease in water quality/quantity. Sounds about right for a GOP “solution”.
The ONLY fair approach is to force the data centers to bear the entire cost of increase the power supply capacity such that homeowners see ZERO increase in their monthly bills. Water is a whole other problem.
Not nearly enough. By a ton.
This is a legitimate attempt to capture millions of dollars from technology companies that would not be coming to Indiana at all if it were not for data centers.
This is a what you call a perverse incentive. The local municipality gets a kickback while everyone else (including the municipality) pays for more expensive electricity caused by the huge demand created by data centers.
How does this proposed $ flow back to the rate payers? Seems like a limited win for the utility companies, inefficient municipalities and the idiot politicians. There are no absolutes, but the men and women trying to pass these bills have NO clue about this kind of stuff.