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US states have flipped from courting data centres to restraining them: TrendForce says more data-centre bills were introduced in the first four months of 2026 than in all of 2024 and 2025 combined, including 33 bills to restrict or repeal data-centre tax breaks or impose new taxes, more than in all of 2025
TrendForce Insights measured 33 bills to restrict or repeal data-centre tax breaks or impose new taxes in US states. This number means that more bills were introduced in Jan–Apr 2026 than in all of 2025.
Verified 2026-11-11
Track with InsiderWhy it matters
Tax breaks helped make US data-centre projects pay off; as states pull them back, building AI capacity could get costlier and slower in some places.
The screener · 72 companiesEvery layer of the AI chain, priced dailyHow this was verifiedEvery figure links to the filing it came from
More on Capital
- While Amazon, Microsoft, Meta, Alphabet and Oracle have all sharply increased AI capital spending, Apple's cash paid for property, plant and equipment in the nine months to 27 June 2026 actually fell, to Apple's nine-month capex of $6.8 billion, down 28% from $9.47 billion a year earlier
- A Brookings Papers draft by Columbia's Stijn Van Nieuwerburgh projects that the US AI build-out of 2025 to 2032 will absorb, every year, 3.63% of GDP, versus 2.24% for the railroads of 1870–1890
- Global private investment in AI reached $344.7 billion in 2025, up 127.5% year-over-year, with generative AI companies alone capturing $170.9 billion of that total
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