Here’s what xAI will pay in property taxes
XAI and the Greater Memphis Chamber have said the company has invested $12 billion in the former Electrolux factory in Southwest Memphis. (Patrick Lantrip/The Daily Memphian file)
Elon Musk’s artificial intelligence company is expected to pay more than $30 million in combined Memphis and Shelby County property taxes, according to records obtained by The Daily Memphian.
But the final property tax bill is significantly lower than what it could be based on xAI’s reported investment in Memphis, amounting to a tax break for a company that did not formally receive one.
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Samuel Hardiman
Samuel Hardiman is an enterprise reporter who focuses on government and politics. He began his career at the Tulsa World where he covered business and K-12 education. Hardiman came to Memphis in 2018 to join the Memphis Business Journal, covering government and economic development. He then served as the Commercial Appeal’s city hall reporter and later joined The Daily Memphian in 2023. His current work focuses on the intersection of government, public policy, influence and how public dollars are spent.
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