Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
This bill creates a new federal excise tax of 1 cent per kilowatt-hour on electricity used by large data centers, defined as facilities with over 1 megawatt of peak power capacity that primarily process, store, or transmit digital information. The tax applies to data centers starting immediately after the bill is enacted and affects technology companies, cloud service providers, and other organizations operating major data center facilities. Revenue from the tax would be divided equally among five programs: the Land and Water Conservation Fund, the Housing Trust Fund, the Hazardous Substance Superfund, the Highway Trust Fund, and a newly created Energy Technology Trust Fund for energy project loan guarantees. The bill has no specified end date, meaning the tax would continue indefinitely as an ongoing funding source for these programs.
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