Summary as passed: (all summaries) 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. 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. Additionally, 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 (House Joint Resolution 248). Full text: 01/14/09 Senate: Prefiled and ordered printed; offered 01/14/09 095979736 pdf | impact statement 01/29/09 Senate: Printed as engrossed 095979736-E pdf | impact statement 03/09/09 Senate: Bill text as passed Senate and House (SB1338ER) pdf | impact statement 04/08/09 Senate: Reenrolled bill text (SB1338ER2) pdf 04/08/09 Governor: Acts of Assembly Chapter text (CHAP0853) pdf Amendments: House amendments House amendments engrossed Senate amendments Senate amendments rejected Conference amendments Governor's recommendation Status: 01/14/09 Senate: Prefiled and ordered printed; offered 01/14/09 095979736 01/14/09 Senate: Referred to Committee on General Laws and Technology 01/21/09 Senate: Reported from General Laws and Technology with amendments (13-Y 0-N) 01/23/09 Senate: Constitutional reading dispensed (39-Y 0-N) 01/26/09 Senate: Passed by for the day 01/27/09 Senate: Passed by for the day 01/28/09 Senate: Read second time 01/28/09 Senate: Passed by for the day 01/29/09 Senate: Read second time 01/29/09 Senate: Reading of amendments waived 01/29/09 Senate: Committee amendments agreed to 01/29/09 Senate: Reading of amendments waived 01/29/09 Senate: Amendments Set 1 by Senator Cuccinelli rejected 01/29/09 Senate: Reading of amendments waived 01/29/09 Senate: Amendments Set 2 by Senator Cuccinelli rejected 01/29/09 Senate: Engrossed by Senate as amended SB1338E 01/29/09 Senate: Printed as engrossed 095979736-E 01/30/09 Senate: Read third time and passed Senate (33-Y 5-N) 01/30/09 Senate: Reconsideration of passage agreed to by Senate (39-Y 0-N) 01/30/09 Senate: Passed Senate (35-Y 4-N) 02/13/09 House: Placed on Calendar 02/13/09 House: Read first time 02/13/09 House: Referred to Committee on Science and Technology 02/18/09 House: Reported from Science and Technology with amendments (21-Y 0-N) 02/20/09 House: Read second time 02/23/09 House: Passed by for the day 02/24/09 House: Read third time 02/24/09 House: Committee amendments agreed to 02/24/09 House: Engrossed by House as amended 02/24/09 House: Passed House with amendments BLOCK VOTE (99-Y 0-N) 02/24/09 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) 02/25/09 Senate: Passed by temporarily 02/25/09 Senate: Passed by for the day 02/26/09 Senate: Passed by temporarily 02/26/09 Senate: House amendments rejected by Senate (10-Y 28-N) 02/26/09 House: House insisted on amendments 02/26/09 House: House requested conference committee 02/26/09 Senate: Senate acceded to request (38-Y 0-N) 02/26/09 House: Conferees appointed by House 02/26/09 House: Delegates: O'Bannon, Nixon, Sickles 02/26/09 Senate: Conferees appointed by Senate 02/26/09 Senate: Senators: Herring, Vogel, McEachin 02/28/09 Senate: Conference report agreed to by Senate (38-Y 2-N) 02/28/09 House: Conference report agreed to by House (99-Y 0-N) 02/28/09 House: VOTE: --- ADOPTION (99-Y 0-N) 03/09/09 Senate: Enrolled 03/09/09 Senate: Bill text as passed Senate and House (SB1338ER) 03/09/09 Senate: Signed by President 03/11/09 House: Signed by Speaker 03/30/09 Senate: Governor's recommendation received by Senate 04/07/09 Senate: Placed on Calendar 04/08/09 Senate: Senate concurred in Governor's recommendation (39-Y 0-N) 04/08/09 House: House concurred in Governor's recommendation (98-Y 0-N) 04/08/09 House: VOTE: --- ADOPTION (98-Y 0-N) 04/08/09 Governor: Governor's recommendation adopted 04/08/09 Senate: Reenrolled bill text (SB1338ER2) 04/08/09 Senate: Reenrolled 04/08/09 Senate: Signed by President as reenrolled 04/08/09 House: Signed by Speaker as reenrolled 04/08/09 House: Enacted, Chapter 853 (effective 7/1/09) 04/08/09 Governor: Acts of Assembly Chapter text (CHAP0853) |