Meta to receive $3.3B in tax breaks for its $10B Louisiana data center

Post by ChadNauseam » Fri, May 15, 2026, 10:20 PM UTC

beloch wrote: post #94

ChadNauseam wrote: post #7

Earlier quoted context omitted.

It's tempting to blame any political outcome you don't like on lobbying. It allows you to believe that almost no one supports the outcome that you don't like, because you can blame it on politicians manage to be bought by a small number of lobbyists. But it might not be the case. Several states (I believe Texas, Georgia, and Indiana) don't charge sales tax to data centers. So from Louisiana's perspective, the alterna…

"If states all worked together, they could plausibly prevent this race to the bottom by agreeing on a universal sales tax minimum" The states, under Trump, are all working together to ensure a race to the bottom happens, both in the U.S. and abroad. One hundred and thirty five nations worked together to create a minimum corporate tax rate called "Pillar Two". It would have factored in tax breaks for projects like thi…

Post by giancarlostoro » Fri, May 15, 2026, 10:21 PM UTC

alex1138 wrote: post #32

giancarlostoro wrote: post #4

Now if they can actually do something with AI that is meaningful? I assume Mark is trying to reach for like some crazy goal instead of just getting reasonable products to market. I've known the type of person who chases the stars instead of just taking their time, building up the core and then snowballing into greatness.

It's actually kind of amazing that (apparently, but I'm willing to be wrong) AI has resulted in more people getting banned (rather than less, which you would think. You would think AI makes this easier to filter out, search for problem accounts, whatever) Like, the problem was always the asymmetry. Can FB police everything? Probably not. Should they be able to operate at scale if they can't? Unclear. Section 230 blah…

Post by bombcar » Fri, May 15, 2026, 10:22 PM UTC

dmix wrote: post #5

> Hyperion will be exempt from state and local sales and use taxes on its data center equipment for the next 20 years, which includes the GPUs that train and develop AI models. Sherwood News estimated that since the state’s combined state and local sales tax stands at 9.56%, spending the roughly $35 billion for the GPUs of the center will hand the firm about $3.3 billion in tax breaks.

Post by rjbwork » Fri, May 15, 2026, 10:24 PM UTC

laweijfmvo wrote: post #45

adamredwoods wrote: post #38

From https://sherwood.news/tech/hyperion/ >> Per the report, the package of tax breaks and incentives was achieved through local officials bound by nondisclosure agreements, quietly struck legislative deals, and parliamentary sleight of hand to avoid public scrutiny of the deal. >> So the residents of Richland Parish did not have much of a heads-up on what was coming. No voting, no public interests, only closed-door…

but there will be voting; all of the elected officials will have to face elections at some point, and voters can put their feet down right now: everyone is voted out.

Post by ChadNauseam » Fri, May 15, 2026, 10:26 PM UTC

malshe wrote: post #100

adamredwoods wrote: post #38

From https://sherwood.news/tech/hyperion/ >> Per the report, the package of tax breaks and incentives was achieved through local officials bound by nondisclosure agreements, quietly struck legislative deals, and parliamentary sleight of hand to avoid public scrutiny of the deal. >> So the residents of Richland Parish did not have much of a heads-up on what was coming. No voting, no public interests, only closed-door…

I'm not at all surprised to learn that Republican politicians royally screwed their constituents. I was going to say maybe these people will vote better next time just to read that Colorado governor is commuting the sentence of Tina Peters. Democratic leadership is so freaking weak it's unbelievable. With one party full of grifters and the other with full of weaklings, we need to abolish this two-party system.