The bill establishes a data center development program and a development authority appointed to run the program. The program offers a 100% sales and use tax exemption for minimum $250M data facility projects. This legislation ignores the reason new, giant data centers are not coming here: unreliable, 100% renewable energy mandated by this legislature. The solution they propose to their problem is to set up another bureaucracy and offer tax incentives. The taxpayers (including existing data centers) will have to pay for these incentives and will see TABOR refunds shrink. Meanwhile, more demand is placed on a declining power supply. This is cronyism that works by giving special favors to select businesses at everyone else’s expense, run by appointees answerable to no one. Insertion of the Safety Clause is the final twist of the dagger into the body of Colorado’s citizens.
