Virginia Democrats Fail to Reach Compromise on Data Center Tax Exemption

Virginia lawmakers failed to reach a compromise on a tax exemption for data centers, with Senate Democrats favoring an end to the exemptions and House Democrats approving legislation to continue them if data centers transition to renewable energy. The exemptions are worth billions of dollars and have made Virginia the data center capital of the world, but ending them could raise significant revenue. The budget impasse is likely to continue as negotiations over the issue move forward.