Montgomery County, Missouri Offers Nearly $1 Billion Tax Break for Amazon Data Center Development
Montgomery County, Missouri, has entered a deal promising Amazon up to $1 billion in tax breaks for a new data center. In return, the facility could generate up to $1.5 billion in tax revenue over 25 years for local schools and agencies. The project, which requires Amazon to create at least 150 full-time jobs, is seen as a potential economic boost for a declining rural area. However, local residents have raised concerns about the impact on community character and the precedent set by such tax abatements.
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Montgomery County, Missouri, has proposed a deal to Amazon that includes tax breaks up to nearly $1 billion for a new data center. Over a 25-year lease, the center could generate $1.5 billion in tax revenues for local entities.
Amazon will pay $75 million to $309 million in alternative taxes and $327 million to $1.554 billion in real property taxes. The deal requires Amazon to maintain at least 150 full-time jobs. Local officials are promoting Montgomery County for data centers due to its ample land and infrastructure. Concerns have been raised by residents about the project's long-term impact and the precedent set by such tax incentives.
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