Stein Targets Data Center Tax Breaks

Governor Josh Stein is rolling out a bold plan to dismantle North Carolina’s lucrative data center tax breaks, starting with eliminating the electricity exemption by year’s end and tightening the investment timeline to just three years. He argues taxpayers shouldn’t subsidize massive energy-hungry tech hubs, warning billions in lost revenue. Industry pushes back, fearing the state’s business appeal will suffer, while lawmakers debate tweaks—including forcing data centers to pay standard taxes and banning local incentives. With cities like Charlotte pausing new projects and neighboring states facing similar expiration dates, North Carolina’s tech landscape is about to shift dramatically. Support the show:Get a discount at https://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/064eaa98231d6c1a