Reverse Big Ugly Tax Breaks for Data Centers Act exempts qualified data center property from bonus depreciation.
The Reverse Big Ugly Tax Breaks for Data Centers Act amends the Internal Revenue Code to exempt qualified data center property from bonus depreciation. This includes property used in or dedicated to the operation of data centers with a maximum rated power capacity over 50 megawatts. The changes apply to property placed in service in taxable years beginning after the date of enactment.
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