Realize
Substantial Savings from New HB 1223 Tax Legislation T5 Data Centers
One 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, the new Texas
sales tax exemption for data centers that goes into effect September
1. T5 sources estimate that companies leasing space in the new
purpose-built T5@Dallas facility 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 the development, occupancy and operation of certain
data centers. Based on internal estimates, T5 customers operating a
data center at 6 critical MWs could potentially realize savings of
$30 million over 10 years in tax on servers, software and energy. A
company with 12 critical MWs could save as much as $101 million over
15 years in taxes on servers, software, and energy costs. Exemptions
include the cost of gas and electricity costs, electrical systems,
cooling systems, backup systems, servers, data storage, networking
equipment, rack space, fixtures, and more. T5 Data Centers' T5@Dallas
campus has space available for lease in its 22.5 MW facility, and
plans to expand with an additional 12.0 MW facility to be built in
the near future. T5 customers investing a minimum 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, but first class locations as well. These new tax
incentives make Plano's Legacy Business Park an even better location
for an organization looking to install a mission-critical data
facility. 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 to create at least 20 new full-time jobs. Certified data
centers must be specifically built to house 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 telecommunications services.
"With
passage of this new legislation, Texas becomes the 25th state to
offer tax incentives for new data center installations," said
Peter S. Marin, President and CEO of T5 Data Centers. "This is a
proven means to stimulate technology growth, and as T5 continues to
add new data centers around the country, we look at the local
economic climate, including taxes, as well as geographic conditions,
the cost of energy, and other criteria to make sure our customers
have the most cost-effective, sustainable data center facilities
available."
About
T5 Data Centers
T5
Data Centers (T5) is a leading national data center owner and
operator, committed to delivering customizable, scalable data centers
that provide an "always on" computing environment to power
mission critical business applications. T5 Data Centers provides
enterprise and wholesale colocation data center services to
organizations across North America using proven, best-in-class
technology and techniques to design and develop facilities that
deliver the lowest possible total cost of operations for its clients.
T5 currently has business-critical data center facilities in Atlanta,
Los Angeles, Dallas, and Charlotte with new projects announced in
Portland and Colorado. All of T5's data center projects are
purpose-built facilities featuring robust design, redundant and
reliable power and telecommunications and have 24-hour staff to
support mission-critical computing applications.
For
more information, visit http://www.t5datacenters.com.
Contact:
Aaron
Wangenheim
T5
Data Centers
(415)
292-7700