Semiconductor Manufacturing Grant Fund; created. (SB1370)

Introduced By

Sen. Tommy Norment (R-Williamsburg) with support from 7 copatrons, whose average partisan position is:

Those copatrons are Sen. George Barker (D-Alexandria), Sen. Emmett Hanger (R-Mount Solon), Sen. Jeremy McPike (D-Dale City), Sen. Frank Ruff (R-Clarksville), Sen. Richard Stuart (R-Westmoreland), Sen. Scott Surovell (D-Mount Vernon), Sen. Jill Holtzman Vogel (R-Winchester)

Progress

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

Description

Semiconductor Manufacturing Grant Fund; creation. Creates the Semiconductor Manufacturing Grant Fund for the award of grants to a qualified semiconductor manufacturing company that makes a capital investment of at least $2.98 billion in a qualified locality and creates and maintains at least 1,106 new jobs with an average annual wage of at least $92,000. Such a qualified company would be eligible to receive a grant of $50 million in fiscal year 2020 and a grant of $20 million in fiscal year 2021, subject to total or partial recapture if the qualified company does not meet the performance metrics agreed to in a memorandum of understanding with the Commonwealth. This bill is identical to HB 2180. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2019Prefiled and ordered printed; offered 01/09/19 19102238D
01/08/2019Referred to Committee on Finance
01/14/2019Impact statement from DPB (SB1370)
01/23/2019Reported from Finance (16-Y 0-N) (see vote tally)
01/24/2019Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/25/2019Read second time and engrossed
01/28/2019Read third time and passed Senate (36-Y 2-N) (see vote tally)
01/30/2019Placed on Calendar
01/30/2019Read first time
01/30/2019Referred to Committee on Appropriations
02/05/2019Assigned App. sub: Commerce, Agriculture, Natural Resources & Technology
02/06/2019Reported from Appropriations (22-Y 0-N) (see vote tally)
02/08/2019Read second time
02/11/2019Read third time
02/11/2019Passed House (93-Y 6-N)
02/11/2019VOTE: PASSAGE (93-Y 6-N) (see vote tally)
02/12/2019Enrolled
02/12/2019Bill text as passed Senate and House (SB1370ER)
02/12/2019Impact statement from DPB (SB1370ER)
02/12/2019Signed by Speaker
02/13/2019Signed by President
02/14/2019Enrolled Bill Communicated to Governor on February 14, 2019
02/14/2019G Governor's Action Deadline Midnight, February 21, 2019
02/19/2019G Approved by Governor-Chapter 41 (effective 7/1/19)
02/19/2019G Acts of Assembly Chapter text (CHAP0041)

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