SB 465 VA Introduced
Retail Sales and Use Tax; exemption for data centers.
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Summary
Sales and use tax exemption; data centers. Requires data center operators to meet certain energy efficiency standards in order to be eligible for the sales and use tax exemption for data center purchases. Under the bill, a data center operator shall be eligible for the exemption only if such operator demonstrates that (i) its facilities either have a power usage effectiveness score of no greater than 1.2 or, for data centers co-located in buildings with other commercial uses, achieve an energy efficiency level of no less than the most efficient 15 percent of similar buildings constructed in the previous five years and (ii) by January 1, 2028, it will procure carbon-free renewable energy and associated renewable energy certificates equal to 90 percent of its electricity requirements or its electricity will be otherwise derived from non-carbon-emitting, renewable sources.
Sponsor (1)
- R. Creigh Deeds Democratic · primary
1 coauthor / cosponsor
- Russet Perry Democratic · cosponsor
Action history (4)
- Jan 13, 2026 Prefiled and ordered printed; Offered 01-14-2026 26100164D · upper
- Jan 13, 2026 Referred to Committee on Finance and Appropriations · upper
- Feb 5, 2026 Fiscal Impact statement From TAX (2/5/2026 1:11 pm) · upper
- Feb 17, 2026 Left in Finance and Appropriations · upper
Text versions (2)
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