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2021 SESSION
SB 1423 Data centers; sales and use tax exemption, identifying a "distressed locality."
Introduced by: Jeremy S. McPike | Todd E. Pillion | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Sales and use tax exemption for data centers. Reduces the job creation requirement to qualify for the sales and use tax exemption for data centers in a distressed locality from 25 to 15 jobs. Under current law, such data centers must create at least 25 new jobs. The bill also redefines what criteria are used to identify a distressed locality; under the bill, a locality qualifies as distressed if it has an unemployment rate that is greater than the statewide unemployment rate and a poverty rate that exceeds the statewide poverty rate. The bill requires all data centers claiming the exemption to report certain information to the Virginia Economic Development Partnership Authority (the Authority). The Department of Taxation, in collaboration with the Authority, would aggregate and publish such information biennially.
FULL TEXT
- 01/13/21 Senate: Presented and ordered printed 21102264D pdf | impact statement
- 01/27/21 Senate: Committee substitute printed 21103693D-S1 pdf
- 01/29/21 Senate: Floor substitute printed 21104031D-S2 (McPike) pdf | impact statement
AMENDMENTS
HISTORY
- 01/13/21 Senate: Presented and ordered printed 21102264D
- 01/13/21 Senate: Referred to Committee on Finance and Appropriations
- 01/27/21 Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N)
- 01/27/21 Senate: Committee substitute printed 21103693D-S1
- 01/28/21 Senate: Constitutional reading dispensed (38-Y 0-N)
- 01/29/21 Senate: Floor substitute printed 21104031D-S2 (McPike)
- 01/29/21 Senate: Read second time
- 01/29/21 Senate: Reading of substitute waived
- 01/29/21 Senate: Committee substitute rejected 21103693D-S1
- 01/29/21 Senate: Reading of substitute waived
- 01/29/21 Senate: Substitute by Senator McPike agreed to 21104031D-S2
- 01/29/21 Senate: Engrossed by Senate - floor substitute SB1423S2
- 02/01/21 Senate: Read third time and passed Senate (38-Y 0-N)
- 02/01/21 Senate: Reconsideration of passage agreed to by Senate (39-Y 0-N)
- 02/01/21 Senate: Passed Senate (39-Y 0-N)
- 02/05/21 House: Placed on Calendar
- 02/05/21 House: Read first time
- 02/05/21 House: Referred to Committee on Finance
- 02/08/21 House: Continued to Special Session 1 in Finance by voice vote