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2021 SPECIAL SESSION I

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SB 1425 Data centers; expands sales and use tax exemption.

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

SUMMARY AS PASSED SENATE:

Sales and use tax exemption for data centers. Provides that if a data center operator qualifies for the exemption in one locality and seeks to qualify in another, it shall be required to meet a reduced job creation requirement of 25 jobs for purposes of qualifying in the other locality. Under current law, the reduced threshold only applies to data center operators seeking to qualify in a distressed locality.

SUMMARY AS INTRODUCED:

Sales and use tax exemption for data centers. Expands the sales and use tax exemption for data centers by allowing a qualifying data center to use the exemption for purchases for its facilities located in the same locality as the data center. The bill provides that if a data center operator qualifies for the exemption in one locality and seeks to qualify in another, it shall not be required to meet the job creation requirement for purposes of qualifying in the other locality. The bill requires all data centers claiming the exemption to report certain information to be published annually by the Department of Taxation.