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Virginia Budget Deal Hits Data Center Tax Hurdle
Description
Virginia lawmakers are finally nearing a budget deal after months of back-and-forth, with the main snag being massive tax breaks for data centers—now totaling around two billion dollars. A Senate compromise proposes requiring data centers to pay a significant fee to balance the tax burden, sparking frustration among some Republicans who say they’ve been excluded from negotiations and haven’t seen the final proposal. With a Monday vote looming and the fiscal year deadline just days away, lawmakers must review and approve the agreement by Friday or Saturday to avoid a last-minute crisis.
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