Sunday, May 10, 2026
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VA · HB1101Introduced
Local composite index school funding formula; data center revenue.
Department of Education; local composite index school funding formula; data center revenue. Requires the Department of Education, in coordination with the Department of Taxation, no later than December 1, 2026, to revise the local composite index school funding formula to include as a factor in the calculation of required local effort any local revenue generated by any data center, as defined in relevant law, in the local school division, including real property taxes and business personal prope…