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52Nov 3 election

Data center tax revenue; creates local residential renewable energy incentive program.

Introduced: it can still change before the session ends.

VA HB 1132 · House Bill · 2027

Stage
Introduced
Started in
House
Sponsor
David Reid
Latest action
Jul 21

Where it stands

  1. Introduced (Current step)

    Introduced · Jul 21

  2. Committee (Not started)

    Up next

  3. Floor (Not started)

  4. Law (Not started)

What it does

Data center tax revenue; local residential renewable energy incentive program; tangible personal property tax reimbursement; penalty. Authorizes the governing body of any county, city, or town that collects real or personal property taxes for any real or personal property owned by a data center to create a local residential renewable energy incentive program, through which funds shall be used to reduce existing utility bills for residential customers, to reduce reliance upon fossil fuel power generation facilities, to reduce the need for construction and placement of new transmission lines, and to minimize future electricity costs for residential customers. The bill provides that 15 percent…

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Who is involved

Sponsors

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