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Developed and maintained by the Division of Legislative Automated Systems.
2023 SESSION
HB 2479 Cloud Computing Cluster Infrastructure Grant Fund; created.
Introduced by: Barry D. Knight | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Data centers and cloud computing; sales tax exemption; grant fund. Creates the Cloud Computing Cluster Infrastructure Grant Fund for the purpose of providing grants to qualified companies, defined in the bill as a company, including its affiliates, that enters into a memorandum of understanding with the Virginia Economic Development Partnership Authority and is expected to (i) make or cause to be made a capital investment of at least $50 billion and (ii) create at least 1,500 new full-time jobs that pay an average annual wage of at least one and one-half times the prevailing average wage in the locality where the job is located. The bill requires that, in order to become a qualified company, a company successfully complete a qualification process that includes an endorsement from the MEI Commission and approval in the appropriation act for the amount of grants that are to be provided.
The bill also extends the data center sales and use tax exemption to 2040 for a data center operator that (a) makes a capital investment of at least $35 billion in data centers in the Commonwealth and (b) creates at least 1,000 direct new jobs, of which at least 100 of such jobs pay at least one and one-half times the prevailing average wage in the Commonwealth. Such data center operator shall be eligible for further extension of the sales and use tax exemption to 2050 if the data center operator (1) makes a total capital investment of at least $100 billion, inclusive of the initial $35 billion investment, and (2) creates a total of at least 2,500 direct new jobs, of which at least 100 of such jobs pay at least one and one-half times the prevailing average wage in the Commonwealth, inclusive of the 1,000 jobs initially created. This bill is identical to SB 1522.
FULL TEXT
- 01/20/23 House: Presented and ordered printed 23102445D pdf | impact statement
- 02/01/23 House: Committee substitute printed 23106091D-H1 pdf | impact statement
- 02/14/23 Senate: Committee substitute printed 23106738D-S1 pdf | impact statement
- 02/15/23 Senate: Floor substitute printed 23106891D-S2 (Barker) pdf | impact statement
- 02/21/23 House: Conference substitute printed 23107233D-H2 pdf | impact statement
- 03/07/23 House: Bill text as passed House and Senate (HB2479ER) pdf | impact statement
- 03/27/23 Governor: Acts of Assembly Chapter text (CHAP0678) pdf
AMENDMENTS
HISTORY
- 01/20/23 House: Presented and ordered printed 23102445D
- 01/20/23 House: Referred to Committee on Finance
- 01/25/23 House: Reported from Finance (18-Y 1-N)
- 01/25/23 House: Referred to Committee on Appropriations
- 02/01/23 House: Reported from Appropriations with substitute (22-Y 0-N)
- 02/01/23 House: Committee substitute printed 23106091D-H1
- 02/03/23 House: Read first time
- 02/06/23 House: Read second time
- 02/06/23 House: Committee substitute agreed to 23106091D-H1
- 02/06/23 House: Engrossed by House - committee substitute HB2479H1
- 02/07/23 House: Read third time and passed House (89-Y 8-N 1-A)
- 02/07/23 House: VOTE: Passage (89-Y 8-N 1-A)
- 02/08/23 Senate: Constitutional reading dispensed
- 02/08/23 Senate: Referred to Committee on Finance and Appropriations
- 02/14/23 Senate: Reported from Finance and Appropriations with substitute (15-Y 1-N)
- 02/14/23 Senate: Committee substitute printed 23106738D-S1
- 02/14/23 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/15/23 Senate: Read third time
- 02/15/23 Senate: Floor substitute printed 23106891D-S2 (Barker)
- 02/15/23 Senate: Finance and Appropriations Committee substitute rejected 23106738D-S1
- 02/15/23 Senate: Reading of substitute waived
- 02/15/23 Senate: Substitute by Senator Barker agreed to 23106891D-S2
- 02/15/23 Senate: Engrossed by Senate - floor substitute HB2479S2
- 02/15/23 Senate: Passed Senate with substitute (31-Y 9-N)
- 02/15/23 House: Senate substitute rejected by House 23106891D-S2 (0-Y 95-N 1-A)
- 02/15/23 House: VOTE: REJECTED (0-Y 95-N 1-A)
- 02/15/23 Senate: Senate insisted on substitute (40-Y 0-N)
- 02/15/23 Senate: Senate requested conference committee
- 02/15/23 Senate: Conferees appointed by Senate
- 02/15/23 Senate: Senators: Barker, McPike, Pillion
- 02/15/23 House: House acceded to request
- 02/15/23 House: Conferees appointed by House
- 02/15/23 House: Delegates: Knight, Austin, Torian
- 02/21/23 Conference: Amended by conference committee
- 02/21/23 House: Conference substitute printed 23107233D-H2
- 02/21/23 House: Conference report agreed to by House (87-Y 11-N 1-A)
- 02/21/23 House: VOTE: Adoption (87-Y 11-N 1-A)
- 02/22/23 Senate: Conference report agreed to by Senate (35-Y 4-N)
- 03/07/23 House: Enrolled
- 03/07/23 House: Bill text as passed House and Senate (HB2479ER)
- 03/08/23 House: Signed by Speaker
- 03/08/23 Senate: Signed by President
- 03/13/23 House: Enrolled Bill communicated to Governor on March 13, 2023
- 03/13/23 Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023
- 03/27/23 Governor: Approved by Governor-Chapter 678 (effective 7/1/23)
- 03/27/23 Governor: Acts of Assembly Chapter text (CHAP0678)