SB93

Virginia SB93 exempts data centers from taxes if they meet investment and job creation criteria.

Virginia SB93 provides tax exemptions for data centers that meet specific investment and job creation criteria. To qualify, a data center operator must invest at least $100 billion and create at least 2,500 new full-time jobs, with wages at least one and one-half times the prevailing average wage in the Commonwealth. The exemption applies to computer equipment and enabling software used in the data centers. The exemption is valid until June 30, 2050, but can be extended if certain conditions are met.