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Retail sales and use tax; data center exemption expiration; distribution of revenues. Provides for a sunset on the data center retail sales and use tax exemption, and any extensions thereof, on and after July 1, 2025. The bill requires that the revenues generated by the expiration of the exemption be distributed for school construction and road and bridge construction.
Introduced
Jan 16, 2025
Last Action
Feb 5, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Left in Finance and Appropriations
Impact statement from TAX (SB1425)
Presented and ordered printed 25104167D
Referred to Committee on Finance and Appropriations
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Left in Finance and Appropriations
Richard H. Stuart