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Manassas staff: bank tenant at Brickyard facility claims franchise tax exemption for computers; council seeks legal and legislative clarity
Summary
City staff told the council that a bank tenant at the Brickyard data-center campus filed as exempt from business personal-property tax; staff are verifying the filing and council members urged research on zoning and potential state legislative changes to prevent similar revenue loss.
Manassas — City staff told the Manassas City Council that a recent filing by a bank operating at the Brickyard data-center facility claims an exemption from local business personal-property tax, raising questions about whether the city can rely on data-center personal-property revenue for next year's budget.
Staff said the tenant filed by the April 15 deadline and reported that the equipment in the building is bank-owned and used internally; under existing state law staff cited in the meeting, banks that meet the statutory standard pay a bank-franchise tax in lieu of most other tangible personal-property taxes. "They are exempt from those taxes," a staff member who reviewed…
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