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2008 SESSION

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SB 668 Retail Sales and Use Tax; exemptions include certain computer.

Introduced by: Frank M. Ruff, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

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.


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