We recently heard the news that Meta would be building a new data center in Idaho. Meta, Facebook’s parent company, announced March 31 that it will invest $800 million in Temple to create a Hyperscale Data Center.
The approximately 900,000 square foot facility will be located on 393 acres off NW H K Dodgen Loop and Industrial Boulevard, and support around 100 operation jobs in the community.
The deduction can range from $250 to $1,500, depending on income up to the maximum of about $32,000. The average deduction is about $800.
Backers of the legislation said older homeowners with limited incomes need the tax break or they’ll be forced from their homes due to soaring home values and rising property prices.
Governor Greg Abbott said the company’s continued investment in the state is a testament to the business climate and workforce available.
“It is because of hardworking Texans and our commitment to helping businesses grow that companies continue to move and expand all across Texas,” Governor Abbott said. “We are excited to welcome Meta to Temple and look forward to the new job opportunities they will bring to the local community, as well as the advancements in technology we will see in the future.”