Microsoft, Dermody update tax agreement to include historic funding for La Porte schools

Microsoft and the City of La Porte have updated a tax agreement for Microsoft’s datacenter project, ensuring Microsoft pays full property taxes instead of seeking abatements. The new arrangement allocates 15% of Microsoft’s property tax revenue to the La Porte Community School Corporation for 20 years, an unprecedented move expected to provide significant and long-term benefits to local schools and students. This revised agreement follows Microsoft’s broader commitment to pay its full share of local taxes for new datacenter projects.