republic-os/legislation/us/states/va/2020/hb-748.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	Research and development tax credits; extends sunset date, aggregate caps.	Research and development tax credits; sunset; aggregate caps. Extends the sunset date for both the research and development expenses tax credit and the major research and development expenses tax credit from January 1, 2022, to January 1, 2025. Beginning with taxable year 2021, the bill increases the aggregate cap of the research and development expenses tax credit from $7 million to $7.77 million and increases the aggregate cap of the major research and development expenses tax credit from $20 million to $24 million. For both credits, the bill moves back the annual deadline for applications for the credit from July 1 to September 1. This bill is identical to SB 110.	us/states/va	Virginia General Assembly	2020	HB 748	Virginia HB 748 (2020)	bill		enacted	Jerrauld C. "Jay" Jones	5	48	12	2020-01-07	2020-03-25	openstates	ocd-bill/cbb0a076-569c-4ca9-948c-e1567e3130b1	https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB748	2dec80fd93d764c60c08ddb775e83ba71eab44869295edc3d1640881174cf081	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-va

Virginia HB 748 (2020) — Research and development tax credits; extends sunset date, aggregate caps.

Research and development tax credits; sunset; aggregate caps. Extends the sunset date for both the research and development expenses tax credit and the major research and development expenses tax credit from January 1, 2022, to January 1, 2025. Beginning with taxable year 2021, the bill increases the aggregate cap of the research and development expenses tax credit from $7 million to $7.77 million and increases the aggregate cap of the major research and development expenses tax credit from $20 million to $24 million. For both credits, the bill moves back the annual deadline for applications for the credit from July 1 to September 1. This bill is identical to SB 110.

Version chain

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

1. Acts of Assembly Chapter text (CHAP0469) (committee substitute) — source
2. Bill text as passed House and Senate (HB748ER) (committee substitute) — source
3. Engrossed by House as amended HB748E (committee substitute) — source
4. Engrossed by House as amended HB748E (committee substitute) — source
5. Engrossed by Senate - committee substitute HB748S1 (committee substitute) — source

Votes

• Reported from Finance with amendments (18-Y 4-N) — 18–4 (pass) · lower
• Subcommittee recommends reporting with amendments (10-Y 0-N) — 10–0 (pass) · lower
• Reported from Appropriations (22-Y 0-N) — 22–0 (pass) · lower
• Reported from Finance and Appropriations with substitute (16-Y 0-N) — 16–0 (pass) · upper
• VOTE: REJECTED (0-Y 92-N) — 0–91 (fail) · lower
• Senate insisted on amendments (40-Y 0-N) — 40–0 (pass) · upper
• Conference report agreed to by Senate (38-Y 2-N) — 38–2 (pass) · upper
• Subcommittee recommends reporting (8-Y 0-N) — 8–0 (pass) · lower
• Passed Senate with substitute (38-Y 2-N) — 38–2 (pass) · upper
• VOTE: Passage (91-Y 8-N) — 90–8 (pass) · lower
• Constitutional reading dispensed (38-Y 0-N) — 38–0 (pass) · upper
• VOTE: Adoption (85-Y 7-N) — 84–7 (pass) · lower

Sponsors

• Jerrauld C. "Jay" Jones — primary (person)
• David A. Reid — cosponsor (person)
• Don L. Scott — cosponsor (person)
• Eileen Filler-Corn — cosponsor (person)
• Emily M. Brewer — cosponsor (person)
• Kathleen Murphy — cosponsor (person)
• Kaye Kory — cosponsor (person)
• Mark L. Keam — cosponsor (person)
• Martha M. Mugler — cosponsor (person)
• Steve E. Heretick — cosponsor (person)

Timeline

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

• 2020-01-07 Prefiled and ordered printed; offered 01/08/20 20101348D introduction
• 2020-01-07 Referred to Committee on Finance referral-committee
• 2020-01-29 Assigned Finance sub: Subcommittee #1 referral-committee
• 2020-02-03 House subcommittee amendments and substitutes offered
• 2020-02-03 Subcommittee recommends reporting with amendments (10-Y 0-N)
• 2020-02-03 Subcommittee recommends referring to Committee on Appropriations
• 2020-02-05 Reported from Finance with amendments (18-Y 4-N) committee-passage
• 2020-02-05 Referred to Committee on Appropriations referral-committee
• 2020-02-06 Assigned App. sub: Commerce Agriculture & Natural Resources referral-committee
• 2020-02-07 Subcommittee recommends reporting (8-Y 0-N)
• 2020-02-07 Reported from Appropriations (22-Y 0-N) committee-passage
• 2020-02-09 Read first time reading-1
• 2020-02-10 Read second time reading-2
• 2020-02-10 Committee amendments agreed to
• 2020-02-10 Engrossed by House as amended HB748E
• 2020-02-10 Printed as engrossed 20101348D-E
• 2020-02-11 Read third time and passed House (91-Y 8-N) passage, reading-3
• 2020-02-11 VOTE: Passage (91-Y 8-N)
• 2020-02-12 Constitutional reading dispensed
• 2020-02-12 Referred to Committee on Finance and Appropriations referral-committee
• 2020-02-25 Reported from Finance and Appropriations with substitute (16-Y 0-N) committee-passage
• 2020-02-25 Committee substitute printed 20108926D-S1 substitution
• 2020-02-26 Constitutional reading dispensed (38-Y 0-N)
• 2020-02-26 Read third time reading-3
• 2020-02-26 Reading of substitute waived
• 2020-02-26 Committee substitute agreed to 20108926D-S1
• 2020-02-26 Engrossed by Senate - committee substitute HB748S1
• 2020-02-26 Passed Senate with substitute (38-Y 2-N) passage
• 2020-02-26 Senate substitute rejected by House 20108926D-S1 (0-Y 92-N)
• 2020-02-26 VOTE: REJECTED (0-Y 92-N)
• 2020-02-26 Senate insisted on amendments (40-Y 0-N)
• 2020-02-26 Senate requested conference committee
• 2020-02-27 House acceded to request
• 2020-02-27 Conferees appointed by House
• 2020-02-27 Conferees appointed by Senate
• 2020-02-27 Amended by conference committee
• 2020-02-28 Conference report agreed to by House (85-Y 7-N)
• 2020-02-28 VOTE: Adoption (85-Y 7-N)
• 2020-03-02 Conference report agreed to by Senate (38-Y 2-N)
• 2020-03-05 Enrolled
• 2020-03-06 Impact statement from TAX (HB748)
• 2020-03-06 Impact statement from TAX (HB748E)
• 2020-03-06 Signed by Speaker
• 2020-03-06 Signed by President
• 2020-03-11 Impact statement from TAX (HB748ER)
• 2020-03-12 Enrolled Bill communicated to Governor on March 12, 2020
• 2020-03-12 Governor's Action Deadline 11:59 p.m., April 11, 2020
• 2020-03-25 Approved by Governor-Chapter 469 (effective 7/1/20) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/cbb0a076-569c-4ca9-948c-e1567e3130b1. Confidence: reported (aggregated from official Virginia legislature records).