NYT: Meta Cut 2025 Federal Tax From $9.6B to $2.8B by Labeling AI Data Centers Experimental

NYT reports Meta's federal tax bill dropped from $9.6B in 2024 to $2.8B in 2025 — a 71% reduction — after the company classified its AI data-center buildout as research and experimental facilities eligible for immediate write-off under the 2025 One Big Beautiful Bill Act's Section 174A. Meta poured about $72B into capex in 2025, anchored by its Louisiana Hyperion campus targeting 5 gigawatts and over $50B. Senators Warren, Sanders, and Slotkin sent formal inquiries to Meta, Amazon, Alphabet, and Microsoft on September 27–28 demanding accounting of AI-related deductions.