SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2009 SESSION
HB 2332 Enterprise zone economic incentive grants; increases amount of investment made to be eligible.
Introduced by: Clarence E. Phillips | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Enterprise zone economic incentive grants. Increases from $50,000 to $100,000 the minimum amount of investment required to be made in the rehabilitation or expansion of a building in order to be eligible for an enterprise zone incentive grant, and increases from $250,000 to $500,000 the minimum amount of investment required to be made for new construction in order to be eligible for an enterprise zone incentive grant. Grants would be calculated at a rate of 20 percent of the amount of qualified real property investment in excess of $500,000 for the construction of a new building or facility. Grants would be calculated at a rate of 20 percent of the amount of qualified real property investment in excess of $100,000 in the case of a rehabilitation or expansion of an existing building or facility. The bill would provide that any investor making $5 million or less in qualified real property investment in a building would be allowed a maximum of $100,000 in enterprise zone incentive grants within any five-year period for such building (the current maximum is $125,000). The bill would provide that any investor making more than $5 million in qualified real property investment in a building would be allowed a maximum of $200,000 in enterprise zone incentive grants within any five-year period for such building (the current maximum is $250,000). The bill also makes technical changes.
FULL TEXT
- 01/14/09 House: Prefiled and ordered printed; offered 01/14/09 099808680 pdf | impact statement
- 02/09/09 House: Printed as engrossed 099808680-E pdf | impact statement
- 03/04/09 House: Bill text as passed House and Senate (HB2332ER) pdf | impact statement
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0207) pdf
AMENDMENTS
HISTORY
- 01/14/09 House: Prefiled and ordered printed; offered 01/14/09 099808680
- 01/14/09 House: Referred to Committee on Commerce and Labor
- 01/27/09 House: Referred from Commerce and Labor by voice vote
- 01/27/09 House: Referred to Committee on Appropriations
- 01/28/09 House: Assigned App. sub: Economic Development, Agriculture and Natural Resources(Cox)
- 02/05/09 House: Subcommittee recommends reporting with amendment(s)
- 02/06/09 House: Reported from Appropriations with amendment (23-Y 0-N)
- 02/08/09 House: Read first time
- 02/09/09 House: Read second time
- 02/09/09 House: Committee amendment agreed to
- 02/09/09 House: Engrossed by House as amended HB2332E
- 02/09/09 House: Printed as engrossed 099808680-E
- 02/10/09 House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
- 02/10/09 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 02/10/09 House: Reconsideration of passage agreed to by House
- 02/10/09 House: Passed House BLOCK VOTE (99-Y 0-N)
- 02/10/09 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/11/09 Senate: Constitutional reading dispensed
- 02/11/09 Senate: Referred to Committee on Commerce and Labor
- 02/16/09 Senate: Rereferred from Commerce and Labor (15-Y 0-N)
- 02/16/09 Senate: Rereferred to Finance
- 02/18/09 Senate: Reported from Finance with amendments (16-Y 0-N)
- 02/19/09 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/20/09 Senate: Read third time
- 02/20/09 Senate: Reading of amendments waived
- 02/20/09 Senate: Committee amendments agreed to
- 02/20/09 Senate: Engrossed by Senate as amended
- 02/20/09 Senate: Passed Senate with amendments (40-Y 0-N)
- 02/20/09 Senate: Reconsideration of Senate passage agreed to by Senate (37-Y 3-N)
- 02/20/09 Senate: Passed by for the day
- 02/23/09 Senate: Read third time
- 02/23/09 Senate: Passed Senate with amendments (40-Y 0-N)
- 02/24/09 House: Placed on Calendar
- 02/25/09 House: Senate amendments agreed to by House (99-Y 0-N)
- 02/25/09 House: VOTE: --- ADOPTION (99-Y 0-N)
- 03/04/09 House: Enrolled
- 03/04/09 House: Bill text as passed House and Senate (HB2332ER)
- 03/05/09 Senate: Signed by President
- 03/06/09 House: Signed by Speaker
- 03/27/09 Governor: Approved by Governor-Chapter 207 (effective 7/1/09)
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0207)