                                 CODE OF VIRGINIA

ASSESSMENT OF REAL PROPERTY; DATA CENTERS (§ 58.1-3295.3)

A. As used in this section:
			&#8220;Computer equipment and peripherals&#8221; means computer equipment and
peripherals subject to classification under the provisions of subdivision A 17
of &#xA7; 58.1-3503 or under the provisions of subdivision A 43 of &#xA7;
58.1-3506.
			&#8220;Cost approach&#8221; means assessing value by determining the cost to
construct a reproduction or suitable replacement of fixtures and deducting
physical, functional, and economic depreciation sustained by such fixtures.
			&#8220;Data center&#8221; means the same as such term is defined in
subdivision A 43 of &#xA7; 58.1-3506.
			&#8220;Fixtures&#8221; means all fixtures and equipment used in a data center
except computer equipment and peripherals, equipment used for external
surveillance and security, and fire and burglar alarm systems.
&#8220;Fixtures&#8221; includes generators, radiators, exhaust fans, and fuel
storage tanks; electrical substations, power distribution equipment,
cogeneration equipment, and batteries; chillers, computer room air conditioners,
and cool towers; heating, ventilating, and air conditioning systems; water
storage tanks, water pumps, and piping; monitoring systems; and transmission and
distribution equipment.

B. If fixtures are installed at a data center and taxed under the provisions of
this chapter, such fixtures shall be assessed using the cost approach.

HISTORY: 2022, cc. 671, 672.