CONGRESS FOR VOTERS

Kristen McDonald Rivet (D-MI)

Reverse Big Ugly Tax Breaks for Data Centers Act

H.R. 10448 · House bill Taxation

A Democratic bill with 32 Democratic cosponsors · See all 32 cosponsors

Last activity — Referred to the House Committee on Ways and Means.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill is called the Reverse Big Ugly Tax Breaks for Data Centers Act. It changes the Internal Revenue Code of 1986 regarding tax breaks for certain data centers. Specifically, the bill stops qualified data center property from getting bonus depreciation. It also ensures that covered data centers and qualified data center property are not treated as qualified opportunity zone business property. The rules apply to property placed in service or acquired in taxable years beginning after the date the act is enacted.

Yes

  • Scored +4

    Does this raise the taxes companies pay?

    The bill eliminates bonus depreciation and opportunity zone tax benefits for large data centers, effectively increasing their tax liability.

  • Scored +3

    Does this reduce what the federal government owes?

    Eliminating specific tax breaks for large data centers will increase federal revenue and reduce the national debt.

The opposite· 3 of 5

  • Scored -3

    Would business owners be better off under this?

    Owners of large data centers will face higher tax burdens due to the removal of bonus depreciation and opportunity zone benefits.

  • Scored -2

    Would high-income households be better off under this?

    Investors and high-income stakeholders in large data center enterprises may see reduced financial returns from lost tax incentives.

  • Scored -2

    Would people with substantial wealth be better off under this?

    High-net-worth individuals holding significant stakes in major data centers will experience reduced tax advantages.