VA HB116 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 1 2024 - 25% progression
Action: 2024-02-07 - Continued to 2025 with amendment(s) in Finance by voice vote
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Sales and use tax exemption; data centers. Requires data center operators to meet certain energy efficiency standards in order to be eligible for the sales and use tax exemption for data center purchases. Under the bill, a data center operator shall be eligible for the exemption only if such operator demonstrates that (i) its facilities either (a) have a power usage effectiveness score of no greater than 1.2 or (b) for data centers co-located in buildings with other commercial uses, achieve an energy efficiency level of no less than the most efficient 15 percent of similar buildings constructed in the previous five years and (ii) it will procure carbon-free renewable energy and associated renewable energy certificates from facilities equal to 90 percent of its electricity requirements or that its electricity will be otherwise derived from non-carbon-emitting, renewable sources.

Tracking Information

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Title

Retail Sales and Use tax; exemption for data centers.

Sponsors


History

DateChamberAction
2024-02-07HouseContinued to 2025 with amendment(s) in Finance by voice vote
2024-02-06HouseSubcommittee recommends continuing to 2025 with amendment(s) by voice vote
2024-02-02HouseAssigned Finance sub: Subcommittee #2
2024-01-01HouseReferred to Committee on Finance
2024-01-01HousePrefiled and ordered printed; offered 01/10/24 24101755D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
581609.3(n/a)See Bill Text

Virginia State Sources


Bill Comments

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