Data centers; sales and use tax exemption, identifying a 'distressed locality.' (SB1423)
Introduced By
Sen. Jeremy McPike (D-Dale City) with support from co-patron Sen. Todd E. Pillion (R-Abingdon)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
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. This bill is identical to HB 2273. Read the Bill »
Status
03/25/2021: signed by governor
History
Date | Action |
---|---|
01/13/2021 | Presented and ordered printed 21102264D |
01/13/2021 | Referred to Committee on Finance and Appropriations |
01/16/2021 | Impact statement from TAX (SB1423) |
01/27/2021 | Senate committee, floor amendments and substitutes offered |
01/27/2021 | Reported from Finance and Appropriations with substitute (15-Y 0-N) (see vote tally) |
01/27/2021 | Committee substitute printed 21103693D-S1 |
01/28/2021 | Constitutional reading dispensed (38-Y 0-N) (see vote tally) |
01/29/2021 | Senate committee, floor amendments and substitutes offered |
01/29/2021 | Floor substitute printed 21104031D-S2 (McPike) |
01/29/2021 | Read second time |
01/29/2021 | Reading of substitute waived |
01/29/2021 | Committee substitute rejected 21103693D-S1 |
01/29/2021 | Substitute by Senator McPike agreed to 21104031D-S2 |
01/29/2021 | Engrossed by Senate - floor substitute SB1423S2 |
02/01/2021 | Read third time and passed Senate (38-Y 0-N) (see vote tally) |
02/01/2021 | Reconsideration of passage agreed to by Senate (39-Y 0-N) (see vote tally) |
02/01/2021 | Passed Senate (39-Y 0-N) (see vote tally) |
02/05/2021 | Placed on Calendar |
02/05/2021 | Read first time |
02/05/2021 | Referred to Committee on Finance |
02/08/2021 | Continued to Special Session 1 in Finance |
02/08/2021 | Impact statement from TAX (SB1423S2) |
02/09/2021 | Assigned Finance sub: Subcommittee #1 |
02/12/2021 | House subcommittee amendments and substitutes offered |
02/12/2021 | Subcommittee recommends reporting with substitute (10-Y 0-N) |
02/15/2021 | Reported from Finance with substitute (21-Y 1-N) (see vote tally) |
02/15/2021 | Committee substitute printed 21200157D-H1 |
02/17/2021 | Read second time |
02/18/2021 | Read third time |
02/18/2021 | Committee substitute agreed to 21200157D-H1 |
02/18/2021 | Engrossed by House - committee substitute SB1423H1 |
02/18/2021 | Passed House with substitute (92-Y 8-N) |
02/18/2021 | VOTE: Passage (92-Y 8-N) (see vote tally) |
02/19/2021 | House substitute rejected by Senate (0-Y 37-N) |
02/19/2021 | House insisted on substitute |
02/19/2021 | House requested conference committee |
02/19/2021 | Senate acceded to request (37-Y 0-N) |
02/19/2021 | Conferees appointed by Senate |
02/19/2021 | Senators: McPike, Ebbin, Ruff |
02/19/2021 | Conferees appointed by House |
02/19/2021 | Delegates: Morefield, Keam, Willett |
02/25/2021 | C Amended by conference committee |
02/25/2021 | Conference substitute printed 21200682D-S3 |
02/25/2021 | Conference report agreed to by House (87-Y 11-N) |
02/25/2021 | VOTE: Agreed To (87-Y 11-N) |
02/27/2021 | Conference report agreed to by Senate (39-Y 0-N) |
03/09/2021 | Enrolled |
03/09/2021 | Bill text as passed Senate and House (SB1423ER) |
03/09/2021 | Signed by President |
03/11/2021 | Impact statement from TAX (SB1423ER) |
03/11/2021 | Signed by Speaker |
03/15/2021 | Enrolled Bill Communicated to Governor on March 15, 2021 |
03/15/2021 | G Governor's Action Deadline 11:59 p.m., March 31, 2021 |
03/25/2021 | G Approved by Governor-Chapter 368 (effective 7/1/21) |
03/25/2021 | G Acts of Assembly Chapter text (CHAP0368) |