This bill would change the Internal Revenue Code of 1986 so that "qualified data center property" is not eligible for bonus depreciation. Bonus depreciation is a tax rule that lets businesses take larger first-year deductions for certain new property. The bill was introduced in the House and referred to the House Committee on Ways and Means. Sponsors include Representative Kristen McDonald Rivet and other Members of Congress.
If you own, build, or invest in data centers, the bill would change how that property is treated for bonus depreciation. No publicly available information about the exact criteria for "qualified data center property" or how many taxpayers would be affected.
No publicly available information about estimated budgetary effects, revenue changes, or cost estimates from the Congressional Budget Office or other agencies.
No publicly available information about supporters' stated reasons or arguments in the bill text or metadata provided.
No publicly available information about opponents' stated reasons or arguments in the bill text or metadata provided.