Economy
Wednesday, 6/24, 01:32 PM
Virginia Approves First U.S. Data Center Power Tax, Keeps Billion-Dollar Break
- Virginia lawmakers passed the nation's first statewide tax on data center electricity use — $0.011 per kilowatt-hour — while preserving an equipment sales-tax exemption worth roughly $1.6 billion a year, a compromise that lets the world's largest data center hub keep growing even as power demand strains the grid.