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2025 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Roem
Adjustments to Sale and Use Data Center Tax Exemption (language only)

Item 0 #9s

Item 0 #9s

Revenues
Revenues

Language

Page 1, line 40, strike "$31,406,549,381" and insert "$31,877,549,381".

Page 1, line 40, strike "$62,054,985,843" and insert "$62,525,985,843".



Explanation

(This amendment increases general fund revenue by $471.0 million to accompany an amendment in Part 3, which removes the data center sales and use tax exemption beginning on or after July 1, 2025. These amounts include the unrestricted general fund and dedicated K-12 general fund revenue. The estimates are based on aggregate reported exempt equipment and software investment in FY 2023 as reported to the Virginia Economic Development Partnership.)