- Virginia House and Senate budget proposals would significantly limit or eliminate the sales and use tax exemption for data centers.
- The House proposal (HB30) keeps the exemption until 2035 but adds strict environmental and energy efficiency requirements.
- The Senate proposal (SB30) ends the exemption entirely by January 1, 2027.
- Data center industry leaders warn these changes could jeopardize billions in investment and future development in Virginia.
- New requirements may disqualify many existing data centers from the exemption, undermining the original incentives for industry investment.
Source: jdsupra.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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