- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: CNBC: To land Meta’s massive $10 billion data center, Louisiana pulled out all the stops
Posted on 6/25/25 at 4:34 pm to Chicken
Posted on 6/25/25 at 4:34 pm to Chicken
quote:
The state offered billions of dollars in tax breaks to win the project, and the local utility will supply three new power plants.
fricking bullshite.
These companies should be required to fund, build, and maintain their own damn power plants. You can rest assured that the people will foot this bill and be litte the better for this shite.
This post was edited on 6/25/25 at 4:37 pm
0
Posted on 6/25/25 at 4:35 pm to Chucktown_Badger
quote:
They always overstate the number of jobs to get more tax breaks and increase the odds of it getting the ok. I'd be good money it'll be around half that.
There are typically a minimum number of jobs that have to be located there with wage requirements. And wages are the revenue drivers for projects like these. There’s going to be billions of dollars of equipment subject to sales and property taxes located in the state and parish. All of which will need to be repaired, maintained, and replaced.
Posted on 6/25/25 at 4:37 pm to Mingo Was His NameO
From the article doesn't look like they will be paying any sales tax:
Last June, only six months after taking office, Republican Gov. Jeff Landry signed into law a 20-year sales tax exemption for data centers built before 2029. The fact that the state was courting Meta at the time was not disclosed.
“The Meta folks made it clear to us from day one that in order for a project like this to happen in any state, that exemption or rebate — whatever the formula is — has to exist,” Bourgeois said.
Last June, only six months after taking office, Republican Gov. Jeff Landry signed into law a 20-year sales tax exemption for data centers built before 2029. The fact that the state was courting Meta at the time was not disclosed.
“The Meta folks made it clear to us from day one that in order for a project like this to happen in any state, that exemption or rebate — whatever the formula is — has to exist,” Bourgeois said.
Posted on 6/25/25 at 4:40 pm to b_w
quote:
From the article doesn't look like they will be paying any sales tax:
Racks, shelves, conduits, all sorts of shite doesn’t qualify for the exemption
Edit: conduit actually does qualify for the Louisiana exemption. It does not in Texas
This post was edited on 6/25/25 at 4:42 pm
Posted on 6/25/25 at 4:42 pm to Chicken
quote:
they provide relatively few jobs and consume massive amounts of resources.
This.
You will get some construction jobs to build the facility and power plants. Although that won’t necessarily employ a lot of local people. That will fill up some hotels and restaurants for a while.
After that, it will likely employ a few dozen people and eat up a ton of electricity. That being said, creating a few dozen jobs for people in Delhi, Mangham or Start isn’t anything to sneeze at.
Posted on 6/25/25 at 4:44 pm to b_w
quote:
Last June, only six months after taking office, Republican Gov. Jeff Landry signed into law a 20-year sales tax exemption for data centers built before 2029. The fact that the state was courting Meta at the time was not disclosed.
Translation: The local schools will have to absorb several hundred new students with no increase in funds to offset the impact. When I heard of the project I thought if nothing else panned out the sales tax revenue would be a big infusion to the local economy. The exemption changes that calculation quite a bit.
Posted on 6/25/25 at 4:45 pm to Mingo Was His NameO
quote:
Racks, shelves, conduits, all sorts of shite doesn’t qualify for the exemption
Looks like the list of shite they are exempting likely covers all of this.
LINK
Posted on 6/25/25 at 4:46 pm to Jim Rockford
quote:
The local schools will have to absorb several hundred new students with no increase in funds to offset the impact.
What?
quote:
When I heard of the project I thought if nothing else panned out the sales tax revenue would be a big infusion to the local economy. The exemption changes that calculation quite a bit.
Most states have a data center exemption
Posted on 6/25/25 at 4:46 pm to Y.A. Tittle
quote:
Looks like the list of shite they are exempting likely covers all of this.
It does not
Posted on 6/25/25 at 4:49 pm to Mingo Was His NameO
quote:
It does not
Did you read the list there? It's hard to fathom what part of anything involving that facility would not be covered by this exemption. I guess maybe the break room fridge?
Posted on 6/25/25 at 4:51 pm to Y.A. Tittle
quote:
Did you read the list there?
Yes
quote:
"Data center equipment" means equipment or software purchased or leased for the processing, storage, retrieval, or communication of data including all of the following:
Bolded part is very important
Posted on 6/25/25 at 4:53 pm to Mingo Was His NameO
quote:
Bolded part is very important
So are (i)-(xi) beyond that.
Posted on 6/25/25 at 4:55 pm to Y.A. Tittle
quote:
So are (i)-(xi) beyond that.
All of which defines what I bolded
Let me know when you actually qualify data centers. I’ve done so many times
Posted on 6/25/25 at 4:56 pm to Mingo Was His NameO
What am I missing here? What else is going in there?
Posted on 6/25/25 at 4:57 pm to Y.A. Tittle
quote:
What am I missing here? What else is going in there?
Millions of dollars worth of shite that doesn’t process, store, or retrieve, or process data.
One rack can be $15k-$20k, they’ll likely have hundreds (maybe thousands) of them in this facility
This post was edited on 6/25/25 at 4:59 pm
Posted on 6/25/25 at 5:00 pm to Chicken
Wonder who is going to build all of that? Hopefully some Louisiana Contractors get some work
Posted on 6/25/25 at 5:01 pm to Mingo Was His NameO
quote:
(b) The term "data center equipment" shall not mean office equipment or supplies, equipment or supplies used primarily in sales activities or transportation activities, tangible personal property not listed in Subparagraph (a) of this Paragraph that is incorporated into immovable property, and tangible personal property that is rented or leased for a term of one year or less.
This is all that's being taxed bruh. It's going to have the tax revenue impact of a generic suburban office park builing.
I'm not even against this shite. I will take a business doing something over a vacant piece property doing jack shite all day every day. I'm just not going to buy that this will be some massive tax revenue windfall for our state.
Posted on 6/25/25 at 5:01 pm to Mingo Was His NameO
geezus take the loss read the document. racks are in there so is everything else:
(vi) Computer server equipment, including chassis, networking equipment, switches, racks, fiber optic and copper cabling, trays, and conduit.
also i am for this deal
(vi) Computer server equipment, including chassis, networking equipment, switches, racks, fiber optic and copper cabling, trays, and conduit.
also i am for this deal
This post was edited on 6/25/25 at 5:04 pm
Posted on 6/25/25 at 5:04 pm to b_w
quote:
geezus take the loss read the document. racks are in there so is everything else:
quote:
Computer server equipment, including
This part is important. I actually do the tax work of these actual data centers.
Posted on 6/25/25 at 5:09 pm to TeddyPadillac
I have one of these less than a mile from me in Meridianville, Alabama.
I loathe Zuckerberg.
I loathe Zuckerberg.
Page 2 of 8
Popular
Back to top
Follow TigerDroppings for LSU Football News