Oregon Pauses Data Center Tax Breaks
Portland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oregon Governor Tina Kotek proposes House Bill 4848 to expand the states Enterprise Zone program, offering longer property tax breaks to businesses for new investments. The bill aims to boost the economy but faces criticism for primarily benefiting data centers, which strain the power grid. Despite concerns, Kotek rejects amendments to bar data centers from tax breaks. A budget subcommittee approves a pause on tax breaks for new data center projects until 2027, following a push from Representative Nancy Nathanson. Oregon hosts around 125 data centers, with tech giants like Meta, Apple, and Amazon running many of them. The bill also trims a new job creation tax credit, reducing its projected cost from nearly $20 million to under $6 million over two years.
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