Senators Believe Proposal Would Raise $1.7B From Data Centers

Senators believe proposal would raise $1.7B from data centers

(The Center Square) – Virginia Senate leaders unveiled a budget proposal Tuesday that would raise an estimated $1.7 billion over two years through a new fee on data center generators as lawmakers continue negotiations on a state budget due June…

State Senate drops tax exemptions in budget fight, introduces ‘impact fees’ for data centers

The state Senate had insisted on ending data center tax exemptions in 2027, eight years earlier than their scheduled expiration. That issue had become a sticking point between the state Senate and …

Senate budget proposal keeps data center sales tax exemption, adds new tax for industry (6-17-2026)

On Tuesday, the Virginia Senate released its latest budget proposal that preserves a sales and use tax exemption for the data center industry, the major hangup that has gummed up negotiations between both legislative chambers. The revamped proposal also adds a tiered tax for the industry that targets diesel generators and would generate $1.8 billion for the state, Senate leaders said. Continue reading Senate budget proposal keeps data center sal…

Virginia General Assembly chambers remain divided over FY27 budget with Senate proposal calling for data center impact fees

There are now two weeks left until government aficionados across Virginia celebrate Fiscal New Year. However, the General Assembly has not yet agreed on a budget as negotiations continue over a proposal to end a tax exemption granted to data centers. The House of Delegates had been scheduled to meet on Thursday but the Virginia Political Newsletter reported yesterday that has been canceled. “The work of the 2026 Special Session I continues and, …