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T5 Data Centers Projects T5@Dallas Customers Can Save Millions from New Texas Tax Incentive Bill

T5 Data Centers Projects T5@Dallas Customers Can Save Millions from New Texas Tax Incentive Bill

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Realize Substantial Savings from New HB 1223 Tax Legislation T5 Data Centers One of the Few Data Center Operators Prepared Today to Help Companies.
Realize Substantial Savings from New HB 1223 Tax Legislation T5 Data Centers One of the Few Data Center Operators Prepared Today to Help Companies.

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Categories:Types, Business/Law
Published by: Star One Public Relations on Jun 25, 2013
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06/25/2013

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PRESS RELEASE Contact:
 Aaron WangenheimT5 Data Centers(415) 292-7700aaron@t5datacenters.com
 
T5 Data Centers Projects T5@Dallas Customers Can Save Millionsfrom New Texas Tax Incentive Bill
Realize Substantial Savings from New HB 1223 Tax Legislation T5 Data CentersOne of the Few Data Center Operators Prepared Today to Help Companies.
Dallas, TX, USA (June 25, 2013)
-- T5 Data Centers, innovators in providing state-of-the- art, customizable and highly reliable computing support environments for any enterprise,is advising clients to take full advantage of the new tax incentives offered in HB 1223, thenew Texas sales tax exemption for data centers that goes into effect September 1. T5sources estimate that companies leasing space in the new purpose-built T5@Dallasfacility can realize savings from $30 million to $100 million depending on the number of critical megawatts (MW) needed and the length of the lease.HB 1223 is a stimulus bill that exempts qualified companies from state sales taxes for thedevelopment, occupancy and operation of certain data centers. Based on internalestimates, T5 customers operating a data center at 6 critical MWs could potentially realizesavings of $30 million over 10 years in tax on servers, software and energy. A companywith 12 critical MWs could save as much as $101 million over 15 years in taxes onservers, software, and energy costs. Exemptions include the cost of gas and electricitycosts, electrical systems, cooling systems, backup systems, servers, data storage,networking equipment, rack space, fixtures, and more. T5 Data Centers' T5@Dallascampus has space available for lease in its 22.5 MW facility, and plans to expand with anadditional 12.0 MW facility to be built in the near future. T5 customers investing aminimum of $200 million will qualify for a 10-year tax exemption; customers investing$250 million will qualify for a 15-year tax exemption."Today's data center users are not only searching for robust and secure environments, butfirst class locations as well. These new tax incentives make Plano's Legacy BusinessPark an even better location for an organization looking to install a mission-critical datafacility. T5@Dallas, more than ever, is the best data center in the best location for business in Texas,” said Martin Peck, General Manager of T5@Dallas.The new tax legislation includes a requirement for qualifying data center customers tocreate at least 20 new full-time jobs. Certified data centers must be specifically built tohouse servers, data processing, and data storage equipment. In addition, the data center tenant must occupy at least 100,000 square feet and the center must be used primarily for 

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