Meta to receive $3.3B in tax breaks for its $10B Louisiana data center

Meta will receive $3.3 billion in tax breaks from Louisiana for building a $10 billion data center called Hyperion, which is exempt from state and local sales taxes on equipment for 20 years. At least 36 states currently offer billions in annual tax incentives to data center developers, with critics arguing these are wasteful subsidies for a rapidly growing industry that doesn't need public support. The tax breaks are part of a broader competition among states to attract lucrative AI and data center projects, though transparency around these subsidies remains limited across most states.