Patrick warns GOP could lose state House majority

The state of Texas is facing significant financial concerns stemming from a sales tax exemption for its rapidly expanding data center industry. According to reports, this tax break, originally approved by lawmakers in 2014 when the industry was considerably smaller, is now projected to result in a $3.2 billion loss in sales tax revenue for Texas over the next two years. If no changes are made, these exemptions could reach $1.75 billion annually by 2030. State Senator Joan Huffman, who chairs the Senate Committee on Finance, has publicly declared these new figures "extremely concerning" and "unsustainable." She has announced her intention to file legislation in the next legislative session, scheduled for January, with the aim of either repealing the exemption entirely or conducting a thorough review. Texas currently hosts over 300 active data centers, with more than 100 additional projects in various stages of development or planning, bringing the future of these tax incentives under close legislative scrutiny.