VA HB458 | 2022 | Regular Session
Note: Carry Foward to future HB458
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on February 7 2022 - 50% progression, died in committee
Action: 2022-03-02 - Continued to 2023 in Finance and Appropriations (15-Y 0-N)
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Engrossed on February 7 2022 - 50% progression, died in committee
Action: 2022-03-02 - Continued to 2023 in Finance and Appropriations (15-Y 0-N)
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
MEI Project Approval Commission; incentives requiring review. Adds to the incentive packages for economic development, film, and episodic television projects that require MEI Project Approval Commission (the Commission) review and approval any incentive package in which one of the incentives being sought includes a cash payment of more than $3.5 million from any fund prior to any performance metrics being met by the proposed project. The bill clarifies that in calculating whether the value of proposed incentives exceeds $10 million and thus requires review under current law, the value of applicable existing tax credits and incentives shall not be considered, with the exception of the sales tax exemption for data centers and the motion picture tax credit. Finally, the bill provides that economic development projects that propose to relocate or expand operations in one area of the Commonwealth while closing or reducing operations in another area of the Commonwealth shall be subject to Commission review only if the value of the proposed incentives exceeds $2.5 million.
Title
MEI Project Approval Commission; incentives requiring review.
Sponsors
Roll Calls
2022-03-02 - Senate - Senate: Continued to 2023 in Finance and Appropriations (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-08 - House - House: VOTE: Block Vote Passage #2 (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 1) [PASS]
2022-02-08 - House - House: VOTE: Block Vote Passage (98-Y 0-N) (Y: 98 N: 0 NV: 0 Abs: 2) [PASS]
2022-02-02 - House - House: Reported from Appropriations (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-02 - House - House: Subcommittee recommends reporting (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-08 - House - House: VOTE: Block Vote Passage #2 (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 1) [PASS]
2022-02-08 - House - House: VOTE: Block Vote Passage (98-Y 0-N) (Y: 98 N: 0 NV: 0 Abs: 2) [PASS]
2022-02-02 - House - House: Reported from Appropriations (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-02 - House - House: Subcommittee recommends reporting (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-03-02 | Senate | Continued to 2023 in Finance and Appropriations (15-Y 0-N) |
| 2022-02-09 | Senate | Referred to Committee on Finance and Appropriations |
| 2022-02-09 | Senate | Constitutional reading dispensed |
| 2022-02-08 | House | VOTE: Block Vote Passage #2 (99-Y 0-N) |
| 2022-02-08 | House | Passed House BLOCK VOTE (99-Y 0-N) |
| 2022-02-08 | House | Reconsideration of passage agreed to by House |
| 2022-02-08 | House | VOTE: Block Vote Passage (98-Y 0-N) |
| 2022-02-08 | House | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
| 2022-02-07 | House | Read second time and engrossed |
| 2022-02-04 | House | Read first time |
| 2022-02-02 | House | Reported from Appropriations (22-Y 0-N) |
| 2022-02-02 | House | Subcommittee recommends reporting (8-Y 0-N) |
| 2022-01-19 | House | Assigned App. sub: Commerce Agriculture & Natural Resources |
| 2022-01-11 | House | Referred to Committee on Appropriations |
| 2022-01-11 | House | Prefiled and ordered printed; offered 01/12/22 22100646D |
Same As/Similar To
HB458 (Carry Over) 2022-03-02 - Continued to 2023 in Finance and Appropriations (15-Y 0-N)
