Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Budget targets roll back data‑center electricity tax exemption and modify R&D credit; net new revenue modest
Summary
Leaders said the budget targets include repeal of the electricity portion of the data‑center tax exemption and changes to the research‑and‑development tax credit; the budget director provided net revenue estimates for the change.
As part of the top‑line targets, leaders said the agreement rolls back the electricity portion of a data‑center tax exemption and modifies the state research‑and‑development (R&D) tax credit.
Chief budget staff provided revenue estimates attributed to those changes. State Budget Director Anna Mingi said repeal of the electricity portion of the data‑center tax exemption generates…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
