HB 2074 Income tax, state and corporate; subtraction for Virginia venture capital account investment.
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Summary as passed: (all summaries)

Income tax; subtraction for Virginia venture capital account investment. Establishes an individual and corporate income tax subtraction for income derived from an investment in a Virginia venture capital account, defined in the bill as an investment fund that is certified by the Department of Taxation as investing at least 50 percent of its investments in qualified portfolio companies and employing at least one investor with at least four years' experience in venture capital investment or substantially equivalent experience. The bill defines "qualified portfolio company" as a company that has its principal place of business in the Commonwealth and that has a primary purpose of production, sale, research, or development of a product or service and provides equity in exchange for the investment. An income tax subtraction would be available only for an investment made on or after January 1, 2018, but before December 31, 2023.

Full text:
01/10/17  House: Prefiled and ordered printed; offered 01/11/17 17101753D  pdf | impact statement
02/06/17  House: Printed as engrossed 17101753D-E  pdf | impact statement
02/15/17  Senate: Committee substitute printed 17105512D-S1  pdf
02/24/17  House: Conference substitute printed 17105744D-H1  pdf | impact statement
03/07/17  House: Bill text as passed House and Senate (HB2074ER)  pdf
03/24/17  Governor: Acts of Assembly Chapter text (CHAP0762)  pdf

Amendments:
House amendments
Conference amendments

Status:
01/10/17  House: Prefiled and ordered printed; offered 01/11/17 17101753D
01/10/17  House: Referred to Committee on Finance
01/19/17  House: Assigned Finance sub: Subcommittee #2
01/25/17  House: Subcommittee recommends reporting (11-Y 0-N)
02/01/17  House: Reported from Finance with amendments (22-Y 0-N)
02/03/17  House: Read first time
02/06/17  House: Read second time
02/06/17  House: Committee amendments agreed to
02/06/17  House: Engrossed by House as amended HB2074E
02/06/17  House: Printed as engrossed 17101753D-E
02/07/17  House: Read third time and passed House BLOCK VOTE (97-Y 0-N)
02/07/17  House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
02/08/17  Senate: Constitutional reading dispensed
02/08/17  Senate: Referred to Committee on Finance
02/15/17  Senate: Reported from Finance with substitute (16-Y 0-N)
02/15/17  Senate: Committee substitute printed 17105512D-S1
02/16/17  Senate: Constitutional reading dispensed (39-Y 0-N)
02/17/17  Senate: Read third time
02/17/17  Senate: Reading of substitute waived
02/17/17  Senate: Committee substitute agreed to 17105512D-S1
02/17/17  Senate: Engrossed by Senate - committee substitute HB2074S1
02/17/17  Senate: Passed Senate with substitute (40-Y 0-N)
02/21/17  House: Placed on Calendar
02/21/17  House: Senate substitute rejected by House 17105512D-S1 (1-Y 96-N)
02/21/17  House: VOTE: REJECTED (1-Y 96-N)
02/22/17  Senate: Senate insisted on substitute (40-Y 0-N)
02/22/17  Senate: Senate requested conference committee
02/23/17  House: House acceded to request
02/23/17  House: Conferees appointed by House
02/23/17  House: Delegates: Rush, Ware, Kory
02/23/17  Senate: Conferees appointed by Senate
02/23/17  Senate: Senators: Ruff, Stuart, Dance
02/24/17  House: Conference substitute printed 17105744D-H1
02/24/17  Senate: Conference report agreed to by Senate (40-Y 0-N)
02/24/17  House: Conference report agreed to by House (93-Y 0-N)
02/24/17  House: VOTE: ADOPTION (93-Y 0-N)
03/07/17  House: Enrolled
03/07/17  House: Bill text as passed House and Senate (HB2074ER)
03/07/17  House: Signed by Speaker
03/10/17  Senate: Signed by President
03/13/17  House: Enrolled Bill communicated to Governor on 3/13/17
03/13/17  Governor: Governor's Action Deadline Midnight, March 27, 2017
03/24/17  Governor: Approved by Governor-Chapter 762 (effective 7/1/17)
03/24/17  Governor: Acts of Assembly Chapter text (CHAP0762)