Economic revitalization zone, local; towns may establish. (SB1634)

Introduced By

Sen. Jennifer Boysko (D-Herndon)

Progress

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

Description

Economic revitalization zone. Allows any town, by ordinance, to establish one or more economic revitalization zones for the purpose of providing incentives to private entities to purchase real property and interests in real property to assemble parcels suitable for economic development. This authority is currently available only to cities. Each town establishing an economic revitalization zone may grant tax incentives and provide regulatory flexibility. Properties that are acquired through the use of eminent domain shall not be eligible for the incentives and regulatory flexibility provided by the ordinance. Amends § 15.2-1129.2, of the Code of Virginia. Read the Bill »

Status

02/19/2019: Passed the House

History

DateAction
01/09/2019Prefiled and ordered printed; offered 01/09/19 19104519D
01/09/2019Referred to Committee on Local Government
01/29/2019Reported from Local Government (9-Y 1-N) (see vote tally)
01/31/2019Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/01/2019Read second time and engrossed
02/04/2019Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/06/2019Placed on Calendar
02/06/2019Read first time
02/06/2019Referred to Committee on Counties, Cities and Towns
02/06/2019Assigned CC & T sub: Subcommittee #2
02/13/2019Subcommittee recommends reporting (8-Y 0-N)
02/15/2019Reported from Counties, Cities and Towns (21-Y 0-N) (see vote tally)
02/18/2019Read second time
02/19/2019Read third time
02/19/2019Passed House BLOCK VOTE (98-Y 0-N)
02/19/2019VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
02/19/2019Reconsideration of House passage agreed to by House
02/19/2019Passed House BLOCK VOTE (99-Y 0-N)
02/19/2019VOTE: BLOCK VOTE PASSAGE #2 (99-Y 0-N)

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