VA HB2273 | 2021 | Regular Session
Note: Carry Foward to future HB2273
Status
Spectrum: Bipartisan Bill
Status: Engrossed on February 3 2021 - 50% progression, died in chamber
Action: 2021-02-05 - Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N)
Text: Latest bill text (Comm Sub) [HTML]
Status: Engrossed on February 3 2021 - 50% progression, died in chamber
Action: 2021-02-05 - Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N)
Text: Latest bill text (Comm Sub) [HTML]
Summary
Sales and use tax exemption for data centers. Reduces to four new jobs, for purposes of qualifying for the sales and use tax exemption for data centers, the job creation requirement for a data center in a distressed locality. Under current law, such data centers must create at least 25 new jobs. The bill lowers the amount of investment needed to qualify for the exemption from $150 million to $1.9 million for data centers that qualify for the reduced jobs requirement. The bill also redefines what criteria are used to identify a distressed locality such that a locality qualifies as distressed if it has an unemployment rate that is greater than the statewide unemployment rate and it also has a poverty rate that exceeds the statewide poverty rate. The bill requires all data centers claiming the exemption to submit an annual report detailing certain information to the Virginia Economic Development Partnership Authority (the Authority). Finally, the requires the Department of Taxation (the Department), in collaboration with the Authority to publish a biennial report on the exemption. Such report by the Department shall not include any unaggregated or other information that could be used to identify a business or individual. Sales and use tax exemption for data centers. Reduces to four new jobs, for purposes of qualifying for the sales and use tax exemption for data centers, the job creation requirement for a data center in a distressed locality. Under current law, such data centers must create at least 25 new jobs. The bill lowers the amount of investment needed to qualify for the exemption from $150 million to $1.9 million for data centers that qualify for the reduced jobs requirement. The bill also redefines what criteria are used to identify a distressed locality such that a locality qualifies as distressed if it has an unemployment rate that is greater than the statewide unemployment rate and it also has a poverty rate that exceeds the statewide poverty rate. The bill requires all data centers claiming the exemption to submit an annual report detailing certain information to the Virginia Economic Development Partnership Authority (the Authority). Finally, the requires the Department of Taxation (the Department), in collaboration with the Authority to publish a biennial report on the exemption. Such report by the Department shall not include any unaggregated or other information that could be used to identify a business or individual.
Title
Data centers; sales and use tax exemption, criteria, report.
Sponsors
Roll Calls
2021-02-05 - Senate - Senate: Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-04 - House - House: VOTE: Passage (91-Y 9-N) (Y: 91 N: 9 NV: 0 Abs: 0) [PASS]
2021-02-01 - House - House: Reported from Finance with substitute (21-Y 1-N) (Y: 0 N: 1 NV: 0 Abs: 0) [FAIL]
2021-02-04 - House - House: VOTE: Passage (91-Y 9-N) (Y: 91 N: 9 NV: 0 Abs: 0) [PASS]
2021-02-01 - House - House: Reported from Finance with substitute (21-Y 1-N) (Y: 0 N: 1 NV: 0 Abs: 0) [FAIL]
History
| Date | Chamber | Action |
|---|---|---|
| 2021-02-05 | Senate | Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N) |
| 2021-02-05 | Senate | Referred to Committee on Finance and Appropriations |
| 2021-02-05 | Senate | Constitutional reading dispensed |
| 2021-02-04 | House | VOTE: Passage (91-Y 9-N) |
| 2021-02-04 | House | Read third time and passed House (91-Y 9-N) |
| 2021-02-03 | House | Engrossed by House - committee substitute HB2273H1 |
| 2021-02-03 | House | Committee substitute agreed to 21104034D-H1 |
| 2021-02-03 | House | Read second time |
| 2021-02-02 | House | Read first time |
| 2021-02-01 | House | Committee substitute printed 21104034D-H1 |
| 2021-02-01 | House | Reported from Finance with substitute (21-Y 1-N) |
| 2021-01-28 | House | Subcommittee recommends reporting with substitute (10-Y 0-N) |
| 2021-01-16 | House | Assigned Finance sub: Subcommittee #1 |
| 2021-01-14 | House | Referred to Committee on Finance |
| 2021-01-14 | House | Presented and ordered printed 21102531D |
Same As/Similar To
HB2273 (Carry Over) 2021-02-05 - Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N)
