VA-SB93 · 2027 session · Legislation
Data centers; taxes on banks that are tenants of a center.
- Jurisdiction
- Virginia
- Current status
- In Committee
- Sponsor
- Danica A. Roem
- Introduced
- In Committee
- Floor
- Enacted
A bill is not law unless the source record shows enactment.
Latest action
Continued from last session
Jul 21, 2026
Subject areas
No subject areas are assigned.
Policy mechanisms
Tracker tags, not legal conclusions.
Quick summary
Bank franchise tax; retail sales and use tax; tangible personal property tax; data centers. Provides that on and after July 1, 2026, if any tenant of a data center is a bank, then the retail sales and use tax exemption for data center computer equipment shall not apply to the data center operator and any tenants of the data center. The bill also adds computer equipment and peripherals of all banks used in a data center to personal property that is taxable for banks subject to the bank franchise tax in lieu of most other taxes.
Source-provided or tracker summary; not operative legal text.
Linked record: lis.virginia.gov. Inspect the source before relying on the tracker’s interpretation.