Data centers; sales and use tax exemption, criteria, report. (HB2273)
Introduced By
Del. Will Morefield (R-North Tazewell) with support from co-patrons Del. Mark Keam (D-Vienna), Del. Terry Kilgore (R-Gate City), and Del. Rodney Willett (D-Henrico)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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. Read the Bill »
Status
03/03/2021: Awaiting a Vote in the Finance and Appropriations Committee
History
Date | Action |
---|---|
01/14/2021 | Presented and ordered printed 21102531D |
01/14/2021 | Referred to Committee on Finance |
01/16/2021 | Assigned Finance sub: Subcommittee #1 |
01/28/2021 | House subcommittee amendments and substitutes offered |
01/28/2021 | Subcommittee recommends reporting with substitute (10-Y 0-N) |
01/31/2021 | Impact statement from TAX (HB2273) |
02/01/2021 | House committee, floor amendments and substitutes offered |
02/01/2021 | Reported from Finance with substitute (21-Y 1-N) (see vote tally) |
02/01/2021 | Committee substitute printed 21104034D-H1 |
02/02/2021 | Read first time |
02/03/2021 | Read second time |
02/03/2021 | Committee substitute agreed to 21104034D-H1 |
02/03/2021 | Engrossed by House - committee substitute HB2273H1 |
02/04/2021 | Read third time and passed House (91-Y 9-N) |
02/04/2021 | VOTE: Passage (91-Y 9-N) (see vote tally) |
02/05/2021 | Constitutional reading dispensed |
02/05/2021 | Referred to Committee on Finance and Appropriations |
02/05/2021 | Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N) (see vote tally) |
02/16/2021 | Senate committee, floor amendments and substitutes offered |
02/16/2021 | Reported from Finance and Appropriations with substitute (13-Y 0-N) (see vote tally) |
02/16/2021 | Committee substitute printed 21200247D-S1 |
02/16/2021 | Constitutional reading dispensed (37-Y 0-N) (see vote tally) |
02/17/2021 | Read third time |
02/17/2021 | Reading of substitute waived |
02/17/2021 | Committee substitute agreed to 21200247D-S1 |
02/17/2021 | Engrossed by Senate - committee substitute HB2273S1 |
02/17/2021 | Passed Senate with substitute (39-Y 0-N) (see vote tally) |
02/18/2021 | VOTE: Adoption (0-Y 100-N) (see vote tally) |
02/18/2021 | Placed on Calendar |
02/18/2021 | Senate substitute rejected by House 21200446D-S1 (0-Y 100-N) |
02/18/2021 | VOTE: REJECTED (0-Y 100-N) (see vote tally) |
02/19/2021 | Senate insisted on substitute (37-Y 0-N) |
02/19/2021 | Senate requested conference committee |
02/19/2021 | House acceded to request |
02/19/2021 | Conferees appointed by House |
02/19/2021 | Delegates: Morefield, Keam, Willett |
02/19/2021 | Conferees appointed by Senate |
02/19/2021 | Senators: McPike, Ebbin, Ruff |
02/25/2021 | C Amended by conference committee |
02/25/2021 | Conference substitute printed 21200579D-H2 |
02/25/2021 | Conference report agreed to by House (90-Y 8-N) |
02/25/2021 | VOTE: Agreed To (90-Y 8-N) |
02/27/2021 | Conference report agreed to by Senate (39-Y 0-N) |
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