RS&UT; exemption includes computer equipment and software used in certain data centers. (SB1141)

Introduced By

Sen. Ryan McDougle (R-Mechanicsville)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Sales and use tax exemption; computer equipment and software used in certain data centers. Removes the June 30, 2020, sunset date for the sales and use tax exemption for computer equipment and software used in certain data centers. The bill also increases from $150 million to $500 million the minimum amount ofnew capital investment a data center must make to be eligible for the sales and use tax exemption, effective June 30, 2020. Amends § 58.1-609.3, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/13/2015Prefiled and ordered printed; offered 01/14/15 15102491D
01/13/2015Referred to Committee on Finance
02/11/2015Left in Finance