Cloud Computing Cluster Infrastructure Grant Fund; created. (HB2479)
Introduced By
Del. Barry Knight (R-Virginia Beach)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Data centers and cloud computing; sales tax exemption; grant fund. Creates the Cloud Computing Cluster Infrastructure Grant Fund for the purpose of providing grants to qualified companies, defined in the bill as a company, including its affiliates, that enters into a memorandum of understanding with the Virginia Economic Development Partnership Authority and is expected to (i) make or cause to be made a capital investment of at least $50 billion and (ii) create at least 1,500 new full-time jobs that pay an average annual wage of at least one and one-half times the prevailing average wage in the locality where the job is located. The bill requires that, in order to become a qualified company, a company successfully complete a qualification process that includes an endorsement from the MEI Commission and approval in the appropriation act for the amount of grants that are to be provided. The bill also extends the data center sales and use tax exemption to 2040 for a data center operator that (a) makes a capital investment of at least $35 billion in data centers in the Commonwealth and (b) creates at least 1,000 direct new jobs, of which at least 100 of such jobs pay at least one and one-half times the prevailing average wage in the Commonwealth. Such data center operator shall be eligible for further extension of the sales and use tax exemption to 2050 if the data center operator (1) makes a total capital investment of at least $100 billion, inclusive of the initial $35 billion investment, and (2) creates a total of at least 2,500 direct new jobs, of which at least 100 of such jobs pay at least one and one-half times the prevailing average wage in the Commonwealth, inclusive of the 1,000 jobs initially created. This bill is identical to SB 1522. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/20/2023 | Committee |
01/20/2023 | Presented and ordered printed 23102445D |
01/20/2023 | Referred to Committee on Finance |
01/25/2023 | Reported from Finance (18-Y 1-N) (see vote tally) |
01/25/2023 | Referred to Committee on Appropriations |
01/26/2023 | Assigned App. sub: Commerce Agriculture & Natural Resources |
01/31/2023 | Impact statement from DPB (HB2479) |
02/01/2023 | Reported from Appropriations with substitute (22-Y 0-N) (see vote tally) |
02/01/2023 | Committee substitute printed 23106091D-H1 |
02/03/2023 | Read first time |
02/06/2023 | Read second time |
02/06/2023 | Committee substitute agreed to 23106091D-H1 |
02/06/2023 | Engrossed by House - committee substitute HB2479H1 |
02/06/2023 | Impact statement from DPB (HB2479H1) |
02/07/2023 | Read third time and passed House (89-Y 8-N 1-A) |
02/07/2023 | VOTE: Passage (89-Y 8-N 1-A) (see vote tally) |
02/08/2023 | Constitutional reading dispensed |
02/08/2023 | Referred to Committee on Finance and Appropriations |
02/14/2023 | Reported from Finance and Appropriations with substitute (15-Y 1-N) (see vote tally) |
02/14/2023 | Committee substitute printed 23106738D-S1 |
02/14/2023 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/14/2023 | Senate committee, floor amendments and substitutes offered |
02/15/2023 | Impact statement from DPB (HB2479S1) |
02/15/2023 | Read third time |
02/15/2023 | Floor substitute printed 23106891D-S2 (Barker) |
02/15/2023 | Finance and Appropriations Committee substitute rejected 23106738D-S1 |
02/15/2023 | Reading of substitute waived |
02/15/2023 | Substitute by Senator Barker agreed to 23106891D-S2 |
02/15/2023 | Engrossed by Senate - floor substitute HB2479S2 |
02/15/2023 | Passed Senate with substitute (31-Y 9-N) (see vote tally) |
02/15/2023 | Senate substitute rejected by House 23106891D-S2 (0-Y 95-N 1-A) |
02/15/2023 | VOTE: REJECTED (0-Y 95-N 1-A) (see vote tally) |
02/15/2023 | Impact statement from DPB (HB2479S2) |
02/15/2023 | Senate insisted on substitute (40-Y 0-N) (see vote tally) |
02/15/2023 | Senate requested conference committee |
02/15/2023 | Conferees appointed by Senate |
02/15/2023 | Senators: Barker, McPike, Pillion |
02/15/2023 | House acceded to request |
02/15/2023 | Conferees appointed by House |
02/15/2023 | Delegates: Knight, Austin, Torian |
02/21/2023 | C Amended by conference committee |
02/21/2023 | Conference substitute printed 23107233D-H2 |
02/21/2023 | Conference report agreed to by House (87-Y 11-N 1-A) |
02/21/2023 | VOTE: Adoption (87-Y 11-N 1-A) (see vote tally) |
02/22/2023 | Conference report agreed to by Senate (35-Y 4-N) (see vote tally) |
02/22/2023 | Impact statement from DPB (HB2479H2) |
03/07/2023 | Enrolled |
03/07/2023 | Bill text as passed House and Senate (HB2479ER) |
03/07/2023 | Impact statement from DPB (HB2479ER) |
03/08/2023 | Signed by Speaker |
03/08/2023 | Signed by President |
03/13/2023 | Enrolled Bill communicated to Governor on March 13, 2023 |
03/13/2023 | G Governor's Action Deadline 11:59 p.m., March 27, 2023 |
03/27/2023 | G Approved by Governor-Chapter 678 (effective 7/1/23) |
03/27/2023 | G Acts of Assembly Chapter text (CHAP0678) |