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2025 Session

Budget Amendments - HB1600 (Conference Report)

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Data Center Sales and Use Tax Exemption Study (language only)

Item 1 #1c

Item 1 #1c

Legislative Department
General Assembly of Virginia

Language

Page 10, after line 28, insert:

"5. The Joint Subcommittee on Tax Policy shall study the data center sales and use tax exemption during the 2025 interim. The goals and objectives shall include: (i) reviewing Virginia's status as a leader for data center development and tax preferences; (ii) competitive advantages provided by existing and future exemptions; (iii) approaches taken in other states to provide stability and continuity for the impacted firms; (iv) investigating methods to attract data center investment to non-urbanized areas of the Commonwealth; (v) reviewing the recommendations and options in the 2024 JLARC study on Data Centers in Virginia; and (vi) reviewing the estimated direct and indirect economic benefits of data center investment in the Commonwealth."


Explanation

(This amendment directs the Joint Subcommittee on Tax Policy to review the data center sales and use tax exemption during the 2025 interim.)