Virginia Passes Data Center Tax Incentives

Data Center Knowledge (May 13 2009)

1. The state of Virginia has adopted targeted tax incentives to attract major data center projects to the state, which is already one of the most active data center markets. The incentives are designed to keep Virginia competitive with other states that have passed similar tax incentives to attract data center projects, and positions the commonwealth to benefit from IT investment in the Obama administration’s economic stimulus plan. Last month both houses of the Virginia General Assembly unanimously passed the incentive package, which offers tax breaks on servers and other equipment purchases for either new or existing data centers. The bill was promptly signed into law by Gov. Tim Kaine. (Read Full Article)

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