Data Center Tax Break Accounts for 60% of Virginia’s Incentive Spending, Study Finds

Report: Data centers dominate Virginia’s economic development incentives

Over a 10-year period, a tax exemption for the purchase of data center computer equipment and software accounted for about 60% of the money the commonwealth put toward incentives aimed at spurring job creation and capital investment.

Virginia data center tax break returns 22 cents per $1 - Regional Media News

(The Center Square) - A new legislative review estimates that Virginia's data center tax break generated 22 cents in state tax revenue for every dollar companies saved. Staff for the Joint Legislative Audit and Review Commission presented the findings Monday. The report estimates that data [...]

Virginia data center tax break returns 22 cents per $1

(The Center Square) – A new legislative review estimates that Virginia’s data center tax break generated 22 cents in state tax revenue for every dollar companies saved.

Data center tax break accounts for 60% of Virginia’s incentive spending, study finds

Virginia spent more than $7 billion on economic development incentives over the past decade, with 60% going to a data center exemption that helped stall budget negotiations earlier this year.

JLARC: data center sales tax break cost state $4 billion over 5 years

Virginia’s sales tax exemption for data centers has totaled more than $4.05 billion over the five years ended June 30 2025, a new report from the Joint Legislative Audit and Review Commission found.

JLARC: Data center tax break accounts for 60% of Virginia’s incentive spending

Virginia spent more than $7 billion on economic development incentives over the past decade, with 60% going to a data center exemption that helped stall budget negotiations earlier this year.  The incentives include tax exemptions and project grants, according to the latest review by the Joint Legislative Audit and Review Commission.  “Data center growth in […]