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Committee reviews data center tax-credit bill with explicit exclusion for cryptocurrency mining
Summary
A presenter summarized House Bill 1239, a tax-credit proposal for large data center investments that sets a $250 million investment threshold and excludes cryptocurrency mining; committee moved to "house sufficient to pass as amended," but the transcript does not record a final vote tally or outcome.
A staff member presented House Bill 1239 to the Technology Committee as a tax-credit measure aimed at attracting data center investment to the state.
The bill would award tax credits to investors who make more than $250,000,000 in capital improvements for a data center, and it explicitly excludes cryptocurrency mining operations from eligibility, the staff member said. The presenter noted the proposal is intended to keep the state competitive with other states that use…
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