Science and technology development and commercialization; promotion thereof in State. (SB1338)

Introduced By

Sen. Mark Herring (D-Leesburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Promotion of science and technology-based research, development, and commercialization in the Commonwealth. Makes several changes to the Code of Virginia to encourage research, development, and commercialization of advancements in science and technology in the Commonwealth. First, the bill would require the Virginia Economic Development Partnership to promote biosciences-related research and industry in the Commonwealth in order to stay competitive with similar efforts in neighboring states. Second, the bill changes the existing Commonwealth Technology Research Fund to the Commonwealth Research Commercialization Fund to better focus the moneys available under this program to key areas of research and development in the Commonwealth, to emphasize the importance of commercialization of research and development through matching-funds programs and the leveraging of private and federal funds for commercialization activities, and to provide a loan program for the construction of facilities utilized in commercializing qualified research. Finally, the bill amends the existing qualified equity and subordinated debt investment tax credit to limit its applicability only to companies engaged in science and technology-related businesses, and to encourage investment in companies focused on commercializing research developed at universities. This bill is a recommendation of the Joint Subcommittee Studying Biosciences and Biotechnology in the Commonwealth (HJR 248). Amends § 2.2-2233.1, § 2.2-2238, § 58.1-339.4, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

  • 01/14/2009 Prefiled and ordered printed; offered 01/14/09 095979736
  • 01/14/2009 Referred to Committee on General Laws and Technology
  • 01/21/2009 Impact statement from DPB (SB1338)
  • 01/21/2009 Reported from General Laws and Technology with amendments (13-Y 0-N) (see vote tally)
  • 01/23/2009 Constitutional reading dispensed (39-Y 0-N) (see vote tally)
  • 01/26/2009 Passed by for the day
  • 01/27/2009 Passed by for the day
  • 01/28/2009 Read second time
  • 01/28/2009 Passed by for the day
  • 01/29/2009 Read second time
  • 01/29/2009 Committee amendments agreed to
  • 01/29/2009 Amendments Set 1 by Senator Cuccinelli rejected
  • 01/29/2009 Reading of amendments waived
  • 01/29/2009 Amendments Set 2 by Senator Cuccinelli rejected
  • 01/29/2009 Engrossed by Senate as amended SB1338E
  • 01/29/2009 Printed as engrossed 095979736-E
  • 01/30/2009 Read third time and passed Senate (33-Y 5-N) (see vote tally)
  • 01/30/2009 Reconsideration of passage agreed to by Senate (39-Y 0-N) (see vote tally)
  • 01/30/2009 Passed Senate (35-Y 4-N) (see vote tally)
  • 02/04/2009 Impact statement from DPB (SB1338E)
  • 02/13/2009 Placed on Calendar
  • 02/13/2009 Read first time
  • 02/13/2009 Referred to Committee on Science and Technology
  • 02/18/2009 Reported from Science and Technology with amendments (21-Y 0-N) (see vote tally)
  • 02/20/2009 Read second time
  • 02/23/2009 Passed by for the day
  • 02/24/2009 Read third time
  • 02/24/2009 Committee amendments agreed to
  • 02/24/2009 Engrossed by House as amended
  • 02/24/2009 Passed House with amendments BLOCK VOTE (99-Y 0-N)
  • 02/24/2009 VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
  • 02/25/2009 Passed by temporarily
  • 02/25/2009 Passed by for the day
  • 02/26/2009 Passed by temporarily
  • 02/26/2009 House amendments rejected by Senate (10-Y 28-N) (see vote tally)
  • 02/26/2009 House insisted on amendments
  • 02/26/2009 House requested conference committee
  • 02/26/2009 Senate acceded to request (38-Y 0-N) (see vote tally)
  • 02/26/2009 Conferees appointed by House
  • 02/26/2009 Delegates: O'Bannon, Nixon, Sickles
  • 02/26/2009 Conferees appointed by Senate
  • 02/26/2009 Senators: Herring, Vogel, McEachin
  • 02/28/2009 Conference report agreed to by Senate (38-Y 2-N) (see vote tally)
  • 02/28/2009 Conference report agreed to by House (99-Y 0-N)
  • 02/28/2009 VOTE: --- ADOPTION (99-Y 0-N) (see vote tally)
  • 03/09/2009 Enrolled
  • 03/09/2009 Bill text as passed Senate and House (SB1338ER)
  • 03/09/2009 Signed by President
  • 03/11/2009 Signed by Speaker
  • 03/12/2009 Impact statement from DPB (SB1338ER)
  • 03/30/2009 Governor's recommendation received by Senate
  • 04/07/2009 Placed on Calendar
  • 04/08/2009 Enacted, Chapter 852 (effective 7/1/09)
  • 04/08/2009 Senate concurred in Governor's recommendation (39-Y 0-N) (see vote tally)
  • 04/08/2009 House concurred in Governor's recommendation (98-Y 0-N)
  • 04/08/2009 VOTE: --- ADOPTION (98-Y 0-N) (see vote tally)
  • 04/08/2009 G Governor's recommendation adopted
  • 04/08/2009 Reenrolled bill text (SB1338ER2)
  • 04/08/2009 Reenrolled
  • 04/08/2009 Signed by President as reenrolled
  • 04/08/2009 Signed by Speaker as reenrolled
  • 04/08/2009 Enacted, Chapter 853 (effective 7/1/09)
  • 04/08/2009 G Acts of Assembly Chapter text (CHAP0853)
  • 04/14/2009 Reenrolled
  • 04/14/2009 Reenrolled bill text (SB1338ER2)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 3 clips in all, totaling 2 minutes.

Comments

Virginia Biotechnology Association, tracking this bill in Photosynthesis, notes:

VaBIO Supports.

Daniel Shifflett writes:

Why is Virginia taking a step backwards in denying funding for embryonic stem cell research? Embryos that would otherwise be destroyed because they aren't needed in fertility clinics could be studied, possibly leading to cures for debilitating and fatal diseases.