Kentucky Revisits Data Center Tax Breaks | Louisville News

Kentucky lawmakers are rethinking massive 50-year tax breaks for data centers, with Senator Robby Mills proposing a 10-year cap as companies now prioritize speed to market over long-term incentives. Though no company has yet claimed the exemption, early analysis shows just four proposed projects could cost the state over a billion dollars in lost revenue. Amid public backlash over rising electricity costs and resource strain, Governor Beshear signed an executive order demanding fairer tax contributions from developers. With the legislature set to reconvene in January, new “guardrails” may soon be introduced — while local governments pause new projects and other states brace for utility rate hikes. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/108e9a879e8aa613