HB 1132 VA
Data center tax revenue; creates local residential renewable energy incentive program.
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Summary
This bill would create a local residential renewable energy incentive program funded by data center tax revenue. Data centers pay taxes on their operations and equipment; the bill would redirect a portion of this tax revenue to fund residential renewable energy incentives. The program would provide financial incentives to homeowners for installing renewable energy systems such as solar panels. The bill would also establish provisions for tangible personal property tax reimbursement related to renewable energy equipment and penalties for non-compliance.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
A BILL to amend the Code of Virginia by adding in Chapter 32 of Title 58.1 an article numbered 4.3, consisting of sections numbered 58.1-3246 through 58.1-3249, relating to data center tax revenue; local residential renewable energy incentive program; tangible personal property tax reimbursement; penalty.
Sponsor (1)
- David A. Reid Democratic · primary
Action history (7)
- Jan 14, 2026 Prefiled and ordered printed; Offered 01-14-2026 26104725D · lower
- Jan 14, 2026 Referred to Committee on Finance · lower
- Jan 22, 2026 Fiscal Impact statement From TAX (1/22/2026 6:00 pm) · lower
- Feb 5, 2026 Assigned HFIN sub: Subcommittee #1 · lower
- Feb 9, 2026 House subcommittee offered · lower
- Feb 11, 2026 Continued to next session in Finance (Voice Vote) · lower
- Jul 21, 2026 Continued from last session · lower
Full text
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