                                 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.