NVTC Registers Strong Opposition to Prince William County Proposal to Triple “Technology Tax"
March 26, 2018 - The Northern Virginia Technology Council has registered its strong opposition to the advertised proposal by Prince William County to almost triple the County's “technology tax,” the tax rate on programmable computer equipment and peripherals, in FY2019 from $1.25 per $100 in assessed value to $3.70. The proposed tax increase on all companies who utilize computers and related technology will impact businesses of all sizes and across many sectors. NVTC is especially concerned about the impact that almost tripling the “technology tax” will have on data centers and other technology-intensive businesses currently located in Prince William County, as well as the impact on the County’s ongoing economic development efforts to recruit more of these technology-based businesses.
NVTC, the Prince William Chamber of Commerce and the Apartment and Office Building Association of Metropolitan Washington (AOBA) have jointly sent letters to each member of the Prince William County Board of Supervisors registering strong opposition and concern. NVTC also has shared with each Supervisor a new Prince William County-specific supplement to NVTC’s previously released data center report, The Economic and Fiscal Contributions that Data Centers Make to Virginia: Spotlight on Prince William County, an infographic highlighting the economic impact of data centers on Prince William County based on information from the report, and slides showing annual taxes paid by data centers to Prince William County since 2012.
NVTC also has coordinated and attended in-person meetings with data center executives and individual members of the Board of Supervisors to discuss data center business models, the importance of the sector to Prince William County’s economy and concerns about proposal to triple the “technology tax” and its impact.
The Prince William Board of Supervisors have scheduled a public hearing on the County’s proposed budget and tax rates on April 10 at 7:30 p.m. They will adopt a budget during their April 24 meeting.