republic-os/legislation/us/states/va/2017/hb-2074.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Income tax, state and corporate; 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.	us/states/va	Virginia General Assembly	2017	HB 2074	Virginia HB 2074 (2017)	bill	Corporations Income Tax Study Commissions Committees and Reports Taxation	enacted	Nick Rush	6	29	10	2017-01-10	2017-03-24	openstates	ocd-bill/6a43348f-bdfd-4acd-9123-5885d5cf85a5	http://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+HB2074	0ea2a1874af0c68b06254e6d2b30c1cbbc0414b590a188e056155be9375b77e1	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-va

Virginia HB 2074 (2017) — Income tax, state and corporate; 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.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. Governor: Acts of Assembly Chapter text (CHAP0762) (committee substitute) — source
2. House: Bill text as passed House and Senate (HB2074ER) (committee substitute) — source
3. House: Conference substitute printed 17105744D-H1 (committee substitute) — source
4. House: Prefiled and ordered printed; offered 01/11/17 17101753D (committee substitute) — source
5. House: Printed as engrossed 17101753D-E (committee substitute) — source
6. Senate: Committee substitute printed 17105512D-S1 (committee substitute) — source

Votes

• Reported from Finance with substitute — 16–0 (pass) · legislature
• Senate insisted on substitute — 40–0 (pass) · legislature
• Reported from Finance with amendments — 22–0 (pass) · legislature
• Senate substitute rejected by House 17105512D-S1 — 1–96 (fail) · legislature
• Read third time and passed House BLOCK VOTE — 97–0 (pass) · legislature
• Constitutional reading dispensed — 39–0 (pass) · legislature
• Subcommittee recommends reporting — 11–0 (pass) · legislature
• Conference report agreed to by House — 93–0 (pass) · legislature
• Conference report agreed to by Senate — 40–0 (pass) · legislature
• Passed Senate with substitute — 40–0 (pass) · legislature

Sponsors

• Nick Rush — primary (person)
• Christopher T. Head — cosponsor (person)
• Glenn R. Davis — cosponsor (person)
• R. Steven Landes — cosponsor (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2017-01-10 Prefiled and ordered printed; offered 01/11/17 17101753D introduction
• 2017-01-10 Referred to Committee on Finance referral-committee
• 2017-01-19 Assigned Finance sub: Subcommittee #2 referral-committee
• 2017-02-03 Read first time reading-1
• 2017-02-06 Read second time reading-2
• 2017-02-06 Committee amendments agreed to
• 2017-02-06 Engrossed by House as amended HB2074E
• 2017-02-06 Printed as engrossed 17101753D-E
• 2017-02-07 Read third time and passed House BLOCK VOTE (97-Y 0-N) passage, reading-3
• 2017-02-08 Constitutional reading dispensed
• 2017-02-08 Referred to Committee on Finance referral-committee
• 2017-02-17 Read third time reading-3
• 2017-02-17 Reading of substitute waived
• 2017-02-17 Committee substitute agreed to 17105512D-S1
• 2017-02-17 Engrossed by Senate - committee substitute HB2074S1
• 2017-02-21 Placed on Calendar
• 2017-02-21 Senate substitute rejected by House 17105512D-S1 (1-Y 96-N)
• 2017-02-22 Senate requested conference committee
• 2017-02-23 House acceded to request
• 2017-02-23 Conferees appointed by House
• 2017-02-23 Conferees appointed by Senate
• 2017-02-24 Conference substitute printed 17105744D-H1
• 2017-02-24 Conference report agreed to by House (93-Y 0-N)
• 2017-03-07 Enrolled
• 2017-03-07 Signed by Speaker
• 2017-03-10 Signed by President
• 2017-03-13 Enrolled Bill communicated to Governor on 3/13/17
• 2017-03-13 Governor's Action Deadline Midnight, March 27, 2017
• 2017-03-24 Approved by Governor-Chapter 762 (effective 7/1/17) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/6a43348f-bdfd-4acd-9123-5885d5cf85a5. Confidence: reported (aggregated from official Virginia legislature records).