Closing a sneaky tax loophole for banks and data centers

Data centers; taxes on banks that are tenants of a center.

Introduced· 2025-12-31

Who's it for

Who's it for: Everyday People

What it means for you

7/10Helps you

Good for everyday people ·

Cost shift

Draft summary, still being checked against the official bill text. Read the source to confirm.

This bill forces data centers to pay taxes on their computer equipment if they rent space to a bank.

Our take

What we think, in plain words.

Right now, data centers get a special break that lets them skip paying sales taxes on expensive computer gear. This bill says that if a data center rents space to a bank, that free ride is over. The whole building loses its tax break. It also forces banks to pay property taxes on the servers they keep in these centers. While it might seem harsh to punish all renters just because a bank moves in, it stops big financial companies from hiding their gear to avoid paying their fair share of taxes.

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The facts

What the bill actually says, no spin.

Takes away a sales tax break for data centers if any renter is a bank.
Forces banks to pay property taxes on computer equipment kept inside data centers.
Punishes all renters in a data center by removing their tax break if even one bank rents space there.
Takes effect on July 1, 2026 if passed.