SB513:

Data centers; center fixtures are taxed as part of the real property where they are located, etc.

Bill Summary:

Property tax; data centers. Provides that if data center fixtures are taxed as part of the real property where they are located, they shall be valued based on depreciated reproduction or replacement cost, rather than based on the amount of income they generate. This bill is identical to HB 791.

Bill Patron: McPike

Last Action(s):
(House) Signed by Speaker March 2, 2022
(Senate) Enrolled Bill Communicated to Governor on March 11, 2022 March 11, 2022
(Governor) Acts of Assembly Chapter text (CHAP0672)

Bill Status:
Passed House
Passed Senate

Approved