Tobacco Indemnification & Community Revitalization Fund; investments in Va. Venture Capital Accts. (SB1658)

Introduced By

Sen. Ben Chafin (R-Lebanon)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Tobacco Indemnification and Community Revitalization Fund; investments in Virginia Venture Capital Accounts. Authorizes the Tobacco Region Revitalization Commission (the Commission) to invest up to 10 percent of the available balance (as of July 1, 2019) from the taxable portion of the Tobacco Indemnification and Community Revitalization Fund in Virginia venture capital accounts that have been certified by the Department of Taxation. Read the Bill »


Bill Has Failed


01/09/2019Presented and ordered printed 19104403D
01/09/2019Referred to Committee on Finance
01/22/2019Impact statement from DPB (SB1658)
01/29/2019Reported from Finance with amendment (16-Y 0-N) (see vote tally)
01/30/2019Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/31/2019Read second time
01/31/2019Reading of amendment waived
01/31/2019Committee amendment agreed to
01/31/2019Engrossed by Senate as amended SB1658E
01/31/2019Printed as engrossed 19104403D-E
01/31/2019Engrossed bill reprinted 19104403D-E
02/01/2019Read 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 Agriculture, Chesapeake and Natural Resources
02/13/2019House committee, floor amendments and substitutes offered
02/13/2019Reported from Agriculture, Chesapeake and Natural Resources with amendment (21-Y 1-N) (see vote tally)
02/14/2019Read second time
02/15/2019Read third time
02/15/2019Committee amendment agreed to
02/15/2019Motion to refer to committee agreed to
02/15/2019Referred to Committee on Appropriations
02/18/2019Impact statement from DPB (SB1658E)
02/19/2019Left in Appropriations

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