Council adopts tiered property tax-incentive pilot; deletes AI-specific language
Council adopted a new tiered property tax-incentive policy (pilot) to guide payments-in-lieu-of-taxes for industrial and data-center uses, amending the document to remove a phrase limited to training/deploying AI models and replacing it with language referencing 'high computational ability.'
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Oak Ridge Council approved a revised policy and procedures for a pilot property tax-incentive program designed to guide the negotiation and acceptance of payments in lieu of ad valorem tax for targeted industrial and data-center facilities.
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