CyrusOne Sterling IX: CyrusOne Data Centers in Northern Virginia Qualify for Tax Incentives

Sep 26, 2019 | Posted by editor

CyrusOne has qualified for tax incentives in Loudoun County, exempting customers from sales tax payments on all equipment deployed in CyrusOne facilities in that county. The sales tax exemptions are retroactive to 2014.

“We have been working to secure this tax incentive for our customers for the past 5 years, which will significantly lower our customers’ expense burden,” said Erik Leban, vice president of tax at CyrusOne. “For a typical 10-megawatt hyperscale deployment, we estimate that our cloud customers could expect to save up to nearly $50 million in taxes over the life of their contract or roughly $20 per kilowatt per month. We are one of the few companies that have qualified for the exemption as we have invested nearly $1 billion constructing one of the largest data center deployments in Loudoun County. This is a continuation of the diligent tax work we have done on behalf of our customers petitioning for favorable tax legislation in Arizona, Illinois, Georgia, and Texas.”

Link to the Press Release

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