HAMPTON ROADS, Va. (TNS) — Since 2010, data centers in Virginia have not had to pay the state’s sales and use tax. At a rate of 4.3%, that foregone revenue adds up: Over the past decade, data centers have been exempt from paying $2.7 billion.

The state lost out on $1 billion through the data center exemption in fiscal 2024, up from $685 million in fiscal 2023. kAm%92E’D 244@C5:?8 E@ E96 y@:?E {68:D=2E:G6 pF5:E 2?5 #6G:6H r@>>:DD:@?[ H9:49 4@>A:=6D 2? 2??F2= C6A@CE @? DE2E6 DA6?5:?8 7@C 64@?@>:4 :?46?E:G6 AC@8C2>D] %9@D6 64@?@>:4 :?46?E:G6D 2C6 56D:8?65 E@ 6?4@FC286 3FD:?6DD6D E@ =@42E6 @C 6IA2?5 @A6C2E:@?D :? ':C8:?:2 2?5 :?4=F56 >62DFC6D DF49 2D 8C2?ED[ E2I 4C65:ED 2?5 6I6>AE:@?D[ 3FD:?6DD =@2?D 2?5 82A 7:?2?4:?8]k^Am kAm%96 52E2 46?E6C 6I6>AE:@? 4@?DE:EFE6D >@DE @7 E96 64@?@>:4 :?46?

See Full Page