Texas HB5588 proposes an exemption from ad valorem taxation for data centers meeting specific criteria.

Texas HB5588 amends the Tax Code to exempt from ad valorem taxation the total appraised value of real property and tangible personal property used by data centers that meet certain conditions. A "data center" is defined as at least 100,000 square feet of space in a single building or portion of a single building, specifically constructed or refurbished to house servers and related equipment for data processing, storage, and distribution.

Texas HB5588 proposes an exemption from ad valorem taxation for data centers meeting specific criteria.

Texas HB5588 amends the Tax Code to exempt from ad valorem taxation the total appraised value of real property and tangible personal property used by data centers that meet certain conditions. A "data center" is defined as at least 100,000 square feet of space in a single building or portion of a single building, specifically constructed or refurbished to house servers and related equipment for data processing, storage, and distribution.