The General Assembly may not have a budget agreement to consider when it returns to Richmond for a special session April 23 because of an impasse between Senate budget leaders and Virginia’s data center industry on the proposed repeal of a lucrative sales tax exemption for data center equipment.
Budget negotiators for the Senate and House of Delegates have not met as a group for a month because of uncertainty about how much money would be available to spend in the two-year budget that would take effect July 1. A gap of more than $1 billion in state and local tax revenues remains between their competing budgets because of disagreement over the Senate proposal to repeal the tax break for data centers, which both the House and Gov. Abigail Spanberger oppose.
Read the full story in the Richmond Times-Dispatch.
