Bill
Bill > HB1101
summary
Introduced
01/14/2026
01/14/2026
In Committee
01/14/2026
01/14/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Regular Session
Bill Summary
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 property taxes attributable to the operation of any such center, while also ensuring that no local school division that does not have such a data center is disadvantaged by any such revision. The bill requires the Department to submit such revised formula to the General Assembly no later than December 1, 2026, for approval pursuant to the general appropriation act enacted during any regular or special session during the 2026 calendar year before utilizing and making calculations according to the formula and provide that if the General Assembly grants such approval, the Department of Education shall apply such revised formula effective beginning with the 2028-2030 biennium.
AI Summary
This bill requires the Department of Education, working with the Department of Taxation, to update the formula used to calculate how much local money is needed for school funding. Specifically, by December 1, 2026, the revised formula must include revenue from data centers, such as property taxes and business taxes related to their operation, as a factor in determining a local school division's required local effort, which is the amount of local funding a school division is expected to contribute. The bill also mandates that this revision should not negatively impact school divisions that do not have data centers. The Department of Education must submit the revised formula to the General Assembly by December 1, 2026, for approval through the state budget. If approved, the new formula will be implemented for school funding starting with the 2028-2030 school years.
Committee Categories
Education
Sponsors (1)
Last Action
Left in Education (on 02/18/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/bill-details/20261/HB1101 |
| Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (HB1101) | https://lis.blob.core.windows.net/files/1108714.PDF |
| BillText | https://lis.virginia.gov/bill-details/20261/HB1101/text/HB1101 |
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