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2009 SESSION
HB 2455 Biosciences and other technology industries; qualified equity and subordinated debt investments.
Introduced by: John M. O'Bannon, III | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Development of the biosciences and other technology industries in the Commonwealth; qualified equity and subordinated debt investments tax credit. Redefines "qualified business" for purposes of investments eligible for the tax credit. The bill also allocates half of the available credits for investments in qualified businesses that were created to commercialize technology-related research developed at or in partnership with an institution of higher education. However, an investment shall not be qualified if the otherwise qualified business performs research on human cells or tissue derived from induced abortions, or from stem cells directly obtained from human embryos; excluding research conducted using stem cells other than embryonic stem cells. The bill, as introduced, was a recommendation of the Joint Subcommittee Studying Biosciences and Biotechnology in the Commonwealth (HJ 248).
FULL TEXT
- 01/14/09 House: Prefiled and ordered printed; offered 01/14/09 095957736 pdf | impact statement
- 02/06/09 House: Printed as engrossed 095957736-E pdf | impact statement
- 02/17/09 Senate: Committee substitute printed 096038212-S1 pdf
AMENDMENTS
HISTORY
- 01/14/09 House: Prefiled and ordered printed; offered 01/14/09 095957736
- 01/14/09 House: Referred to Committee on Science and Technology
- 01/28/09 House: Assigned S & T sub: #1
- 02/02/09 House: Subcommittee recommends reporting
- 02/02/09 House: Reported from Science and Technology with amendments (20-Y 1-N)
- 02/04/09 House: Read first time
- 02/05/09 House: Read second time
- 02/05/09 House: Committee amendments #1 and #2 agreed to
- 02/05/09 House: Committee amendment #3 rejected
- 02/05/09 House: Passed by for the day
- 02/06/09 House: Read second time
- 02/06/09 House: Amendment by Delegate Vanderhye rejected (39-Y 53-N)
- 02/06/09 House: VOTE: --- REJECTED (39-Y 53-N)
- 02/06/09 House: Amendment by Delegate O'Bannon agreed to
- 02/06/09 House: Amendment by Delegate Marshall, R.G. withdrawn
- 02/06/09 House: Engrossed by House as amended HB2455E
- 02/06/09 House: Printed as engrossed 095957736-E
- 02/08/09 House: Passed by for the day
- 02/09/09 House: Read third time and passed House (99-Y 0-N)
- 02/09/09 House: VOTE: --- PASSAGE (99-Y 0-N)
- 02/10/09 Senate: Constitutional reading dispensed
- 02/10/09 Senate: Referred to Committee on Finance
- 02/17/09 Senate: Committee substitute printed 096038212-S1
- 02/17/09 Senate: Reported from Finance with substitute (13-Y 2-N)
- 02/18/09 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/19/09 Senate: Read third time
- 02/19/09 Senate: Passed by for the day
- 02/20/09 Senate: Passed by for the day
- 02/23/09 Senate: Passed by for the day
- 02/24/09 Senate: Read third time
- 02/24/09 Senate: Passed by for the day
- 02/25/09 Senate: Read third time
- 02/25/09 Senate: Reading of substitute waived
- 02/25/09 Senate: Committee substitute rejected 096038212-S1
- 02/25/09 Senate: Passed by temporarily
- 02/25/09 Senate: Passed by for the day
- 02/26/09 Senate: Read third time
- 02/26/09 Senate: Passed by temporarily
- 02/26/09 Senate: Amendment by Senator Herring withdrawn
- 02/26/09 Senate: Passed by for the day
- 02/28/09 Senate: No further action taken
- 02/28/09 Senate: Failed to pass in Senate