00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Ohio lawmakers are pushing to repeal sales tax exemptions for data centers and renegotiate
00:08decades-long agreements with Amazon, Meta, and Google as the cost of the incentives climbs,
00:14according to the Wall Street Journal. Ohio's data center tax exemption exceeded $1.5 billion last
00:21year, more than 10 times the state's original estimate. Governor Mike DeWine paused new
00:26applications for the exemption in May after public backlash over its scale. Google, Meta,
00:31and Amazon did not immediately respond to Benzinga's request for comment. State Representative Tristan
00:37Rader is proposing new data center taxes and requirements that companies pay more for power
00:42and electrical infrastructure. The debate comes as AI-driven data center construction expands
00:48nationwide. New York enacted a one-year moratorium on new hyperscale data centers in July while it
00:55develops regulations covering ratepayers, the energy grid, the environment, and local communities.
01:01For all things money, visit benzinga.com.
