Shelby County Assessor Calls for New Tax Code Amidst Emerging Technologies

Memphis, TN, October 6, 2026 —

Memphis, TN – The Shelby County Assessor has indicated that a significant shift in the local tax landscape is necessary to address the growing impact of emerging technologies, specifically citing the need for a new tax code in Memphis.

According to the Assessor’s office, advancements such as SpaceXAI and the proliferation of data centers present unique challenges and opportunities that current tax regulations may not adequately cover. The introduction of these technologies into the Memphis economy requires a re-evaluation of how such assets are taxed to ensure fairness and fiscal responsibility.

The exact nature of the proposed changes to the tax code was not detailed in the statement. However, the Assessor’s directive suggests a proactive approach to taxation, aiming to adapt to technological evolution. The development and deployment of artificial intelligence, like SpaceXAI, and the physical infrastructure of data centers represent new forms of economic activity and asset ownership that may fall outside existing tax frameworks.

Officials are reportedly considering how to best classify and tax these new technological assets, which could include considerations for intangible property, digital services, or the physical infrastructure required to support these innovations. The aim is to create a tax structure that is both sustainable for the county and equitable for businesses operating within Memphis.

Further details regarding the proposed tax code revisions, including specific timelines for implementation or public consultation periods, have not yet been released. The Shelby County Assessor’s office is expected to provide more information as discussions and planning progress.

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