AUSTIN, Texas — Texas lawmakers will determine whether to limit the scope of tax breaks for the data center industry at a public hearing today. The hearing comes amid growing concerns over the industry’s impact on power, water, and the billions of dollars the state could be giving up. The Comptroller’s office estimates Texas will lose out on more than $3 billion in sales tax revenue over the next two years. Now, lawmakers are debating whether to eliminate the tax break, scale it back, or require companies to meet tougher requirements to qualify.
How should lawmakers address data centers? ANSWER BELOW to vote in our morning poll and see the results LIVE on CBS Austin This Morning from 4:30 a.m. to 7 a.m.