Ohio suspends data center tax break amid AI power cost debate
Ohio has suspended new applications for data center tax exemptions due to significant budget overruns. The program, initially expected to cost $136 million, has instead cost taxpayers around $1.5 to $1.6 billion. This decision may impact both data center developers and cryptocurrency mining operations in the state.
- ▪Governor Mike DeWine paused new applications for sales and use tax exemptions for data centers.
- ▪The exemption program cost Ohio taxpayers approximately 12 times more than projected.
- ▪Major tech companies like Amazon, Google, Meta, and Microsoft reported $27.2 billion in capital expenditures tied to the exemptions.
Opening excerpt (first ~120 words) tap to expand
Ohio suspends data center tax break amid AI power cost debate Governor DeWine halts new exemption applications after the program cost taxpayers 12 times more than projected, with implications for crypto mining operations statewide. Share Add us on Google by Editorial Team May. 29, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Ohio just hit the brakes on one of the most generous data center incentives in the country.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Crypto Briefing.
Discussion
0 commentsMore from Crypto Briefing
