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

Bill Has Passed

History

DateAction
01/20/2023Committee
01/20/2023Presented and ordered printed 23102445D
01/20/2023Referred to Committee on Finance
01/25/2023Reported from Finance (18-Y 1-N) (see vote tally)
01/25/2023Referred to Committee on Appropriations
01/26/2023Assigned App. sub: Commerce Agriculture & Natural Resources
01/31/2023Impact statement from DPB (HB2479)
02/01/2023Reported from Appropriations with substitute (22-Y 0-N) (see vote tally)
02/01/2023Committee substitute printed 23106091D-H1
02/03/2023Read first time
02/06/2023Read second time
02/06/2023Committee substitute agreed to 23106091D-H1
02/06/2023Engrossed by House - committee substitute HB2479H1
02/06/2023Impact statement from DPB (HB2479H1)
02/07/2023Read third time and passed House (89-Y 8-N 1-A)
02/07/2023VOTE: Passage (89-Y 8-N 1-A) (see vote tally)
02/08/2023Constitutional reading dispensed
02/08/2023Referred to Committee on Finance and Appropriations
02/14/2023Reported from Finance and Appropriations with substitute (15-Y 1-N) (see vote tally)
02/14/2023Committee substitute printed 23106738D-S1
02/14/2023Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/14/2023Senate committee, floor amendments and substitutes offered
02/15/2023Impact statement from DPB (HB2479S1)
02/15/2023Read third time
02/15/2023Floor substitute printed 23106891D-S2 (Barker)
02/15/2023Finance and Appropriations Committee substitute rejected 23106738D-S1
02/15/2023Reading of substitute waived
02/15/2023Substitute by Senator Barker agreed to 23106891D-S2
02/15/2023Engrossed by Senate - floor substitute HB2479S2
02/15/2023Passed Senate with substitute (31-Y 9-N) (see vote tally)
02/15/2023Senate substitute rejected by House 23106891D-S2 (0-Y 95-N 1-A)
02/15/2023VOTE: REJECTED (0-Y 95-N 1-A) (see vote tally)
02/15/2023Impact statement from DPB (HB2479S2)
02/15/2023Senate insisted on substitute (40-Y 0-N) (see vote tally)
02/15/2023Senate requested conference committee
02/15/2023Conferees appointed by Senate
02/15/2023Senators: Barker, McPike, Pillion
02/15/2023House acceded to request
02/15/2023Conferees appointed by House
02/15/2023Delegates: Knight, Austin, Torian
02/21/2023C Amended by conference committee
02/21/2023Conference substitute printed 23107233D-H2
02/21/2023Conference report agreed to by House (87-Y 11-N 1-A)
02/21/2023VOTE: Adoption (87-Y 11-N 1-A) (see vote tally)
02/22/2023Conference report agreed to by Senate (35-Y 4-N) (see vote tally)
02/22/2023Impact statement from DPB (HB2479H2)
03/07/2023Enrolled
03/07/2023Bill text as passed House and Senate (HB2479ER)
03/07/2023Impact statement from DPB (HB2479ER)
03/08/2023Signed by Speaker
03/08/2023Signed by President
03/13/2023Enrolled Bill communicated to Governor on March 13, 2023
03/13/2023G Governor's Action Deadline 11:59 p.m., March 27, 2023
03/27/2023G Approved by Governor-Chapter 678 (effective 7/1/23)
03/27/2023G Acts of Assembly Chapter text (CHAP0678)

Duplicate Bills

The following bills are identical to this one: SB1522.