RD121 - Biennial Report on the Retail Sales and Use Tax Exemption for Data Centers – January 25, 2024


Executive Summary:

Biennial report on the sales and use tax exemption for data centers, including aggregate information on qualifying expenses claimed under this exemption, the total value of the tax benefit, a return on investment analysis that includes direct and indirect jobs created by data center investment, state and local tax revenues generated, and any other information the Department of Taxation and the Virginia Economic Development Partnership Authority deem appropriate to demonstrate the costs and benefits of the exemption.