SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2008 SESSION

  • | print version

HB 1388 Retail Sales and Use Tax; exemptions include certain computer equipment.

Introduced by: Thomas C. Wright, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Retail sales and use tax; exemption for certain computer equipment.  Creates an exemption from the retail sales and use tax for computer equipment used in data centers that (i) are located in a Virginia locality having an unemployment rate above 4.9 percent for the calendar quarter ending November 2007 and (ii) that meet certain investment and job creation criteria.  The investment in the computer equipment would be made in accordance with a memorandum of understanding entered into or amended between January 1, 2008, and December 31, 2008.

SUMMARY AS PASSED HOUSE:

Retail sales and use tax; exemption for certain computer equipment.  Creates an exemption from the retail sales and use tax for computer equipment used in data centers that meet certain investment and job creation criteria and that enter into or amends a memorandum of understanding with the Virginia Economic Development Partnership Authority between January 1, 2008 and December 31, 2008.

SUMMARY AS INTRODUCED:

Retail sales and use tax; exemption for certain computer equipment.  Creates an exemption from the retail sales and use tax for computer equipment used in data centers in Mecklenburg County that meet certain investment and job creation criteria. The exemption would allow the sales and use tax to be refunded to an eligible entity after the criteria set forth in the exemption are met.