Tax breaks for tech giants’ data centers mean less income for states

States are offering significant tax breaks to attract data centers, resulting in substantial revenue losses. While these incentives benefit large tech companies like Amazon and Google, they often do not create many permanent jobs and lead to increased energy demands. A Virginia study showed that for every dollar lost in sales tax, only 48 cents in new revenue is generated, raising concerns about the long-term economic impact on taxpayers and public services.