POLITICSVIRGINIA MERCURY
Senate budget proposal keeps data center sales tax exemption, adds new tax for industry
The Virginia Senate's budget proposal maintains a sales tax exemption for data centers but introduces a tiered tax on diesel generators used by the industry, projected to generate $1.8 billion for the state. The tax aims to address pollution concerns and offset lost revenue from the exemption, with varying rates based on generator types.
Mentioned
Related Signal
Adjacent reporting
- New House budget strips environmental standards for data centers, creates commission instead
- Shapiro pitches sustainability, transparency requirements for data center developers
- State senators Lucas and Locke advocate for removal of data center tax exemption
- Ohioans to fight against data centers at Statehouse Monday