VirginiaSB932027 Regular SessionSenate

Data centers; taxes on banks that are tenants of a center.

Sponsored By: Danica A. Roem (Democratic)

In Committee

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.

Finance and Appropriations

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Danica A. Roem

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Continued from last session

    7/21/2026Senate
  2. Continued to 2027 in Finance and Appropriations (15-Y 0-N)

    2/5/2026Senate
  3. Fiscal Impact statement From TAX (1/20/2026 7:34 am)

    1/20/2026Senate
  4. Referred to Committee on Finance and Appropriations

    12/31/2025Senate
  5. Prefiled and ordered printed; Offered 01-14-2026 26100753D

    12/31/2025Senate

Bill Text

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