Ohio has suspended tax breaks for new data center projects after losing $1.5 billion in revenue. Ongoing projects will continue to receive the exemptions. New developments will not qualify for now.
State officials ended the tax exemptions for future data center builds. The policy change follows substantial revenue shortfalls amounting to $1.5 billion. Projects already underway remain eligible for the benefits under the prior rules. New initiatives face the suspension until further notice. The decision targets only fresh applications for tax relief in the sector.