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Revenue director: data centers pay property tax; sales-tax foregone on some purchases remains under review
Summary
Department of Revenue officials told the Revenue Committee there are no property-tax exemptions for data centers, that personal property for data centers is typically depreciated on a short schedule, and that sales tax foregone associated with data center purchases was previously estimated at $22 million but needs updated analysis.
Department of Revenue Director Brett Fanning and the agency’s property-tax administrator, Ken Gill, answered lawmakers’ questions about how data centers are taxed and what tax revenue Wyoming currently receives.
Fanning told the committee there are no statutorily authorized exemptions for data-center property taxes. "We need to be clear on this. For the property tax element of the data centers, there are no exemptions," he said, adding that local governments receive the property-tax proceeds.
Ken Gill explained how data-center value is typically assessed. He said most of the companies’ value lies in business personal property (servers, networking equipment) that is reported by the company, trended to current dollars, then…
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