Data Center Record.

Laws · Virginia · S.B. 1423

S.B. 1423: Data centers; sales and use tax exemption, clarifies "distressed locality," report.

Virginia, 2021 Special I. Signed, March 25, 2021.

Last verified

Status Signed Signed, .

Official summary

No official summary is on file yet. The full text is on the legislature's page, linked below.

Description

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 10 jobs and reduces the required capital investment from $150 million to $70 million for such data centers. 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) and the Department of Taxation, in collaboration with the Authority, to aggregate and publish such information biennially.

As published by the legislature, found through LegiScan, source 1. It is the legislature's own line about the measure, not a summary of it.

Measure Bill.

Sponsors Jeremy McPike (D); Todd Pillion (R)

Subjects Computer Services and Uses, Sales and Use Tax, Study Commissions Committees and Reports, Taxation The legislature's own list.

Official page lis.virginia.gov/cgi-bin/legp604.exe?212+sum+SB1423. Found through LegiScan (bill 1443046), whose data is CC BY 4.0; the citation is the legislature's own page.

What happened, and when

  1. March 25, 2021 Signed

    S.B. 1423 was signed. lis.virginia.gov primary source [1] The official action text: Governor: Approved by Governor-Chapter 368 (effective 7/1/21).

  2. March 9, 2021 Passed second chamber

    S.B. 1423 passed the House of Delegates. lis.virginia.gov primary source [1] The official action text: Enrolled.

  3. February 18, 2021 Passed first chamber

    S.B. 1423 passed the Senate. lis.virginia.gov primary source [1] The official action text: Engrossed by House - committee substitute SB1423H1.

  4. February 15, 2021 In committee

    S.B. 1423 went to committee in the House of Delegates. lis.virginia.gov primary source [1] The official action text: Reported from Finance with substitute (21-Y 1-N).

  5. February 5, 2021 In committee

    S.B. 1423 went to committee in the House of Delegates. lis.virginia.gov primary source [1] The official action text: Referred to Committee on Finance.

  6. January 29, 2021 Passed first chamber

    S.B. 1423 passed the Senate. lis.virginia.gov primary source [1] The official action text: Engrossed by Senate - floor substitute SB1423S2.

  7. January 27, 2021 In committee

    S.B. 1423 went to committee in the Senate. lis.virginia.gov primary source [1] The official action text: Reported from Finance and Appropriations with substitute (15-Y 0-N).

  8. January 13, 2021 In committee

    S.B. 1423 went to committee in the Senate. lis.virginia.gov primary source [1] The official action text: Referred to Committee on Finance and Appropriations.

  9. January 13, 2021 Introduced

    S.B. 1423 was introduced in the Senate. lis.virginia.gov primary source [1] The official action text: Referred to Committee on Finance and Appropriations.

Newest first. A stage is never overwritten; each entry carries the source it rests on. The status at the top is derived from the newest entry. The action text in Researcher mode is the legislature's own wording.

Sources

  1. S.B. 1423 on the legislature's site lis.virginia.gov

Bill data from LegiScan, licensed CC BY 4.0. The record chooses the bills, writes each stage in its own words and cites the legislature's own page for every bill. Bills on this record are also found through the legislatures' own records; the citation is always the legislature's own page or the clerk's own file. This bill was found through LegiScan.

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Data Center Record, "S.B. 1423: Data centers; sales and use tax exemption, clarifies "distressed locality," report.", https://datacenterrecord.org/bills/va-2021-sb-1423. Data: Data Center Record, datacenterrecord.org, CC BY 4.0.

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