Virginia’s data center tax break is costing the state more than $1 billion a year — and lawmakers are fighting over what to do about it

A new report estimates hundreds of millions in lost school funding as Richmond debates whether to roll back one of the most generous tax exemptions in the country

LOUDOUN COUNTY, Va. — Virginia built its data center empire on a promise: give these companies a break on their taxes, and they’ll bring jobs and economic growth to the Commonwealth. Sixteen years later, a new report suggests that promise has come at a staggering cost — and state lawmakers are now locked in a high-stakes fight over whether Virginia can afford to keep it.

A report from the

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