Virginia House Bill 458 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on February 7 2022 - 50% progression, died in committee
Action: 2022-11-21 - Left in Finance and Appropriations
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]

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.

MEI Project Approval Commission; incentives requiring review.

Del. David Bulova [D]

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]

Date	Chamber	Action
2022-11-21	Senate	Left in Finance and Appropriations
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

HB458 (Carry Over) 2022-03-02 - Continued to 2023 in Finance and Appropriations (15-Y 0-N)

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+HB458
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB458+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB458F122+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H0201C0007+HB0458
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H02C0037+HB0458
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+HC0497+HB0458
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+HC0522+HB0458
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+S05C0415+HB0458