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republic-os/legislation/us/states/va/2024/sb-496.md
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Fabio 5a13be122b Legislation: batch E — CA TN VA VT WA WI WV WY 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:28:36 -04:00

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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 Virginia Growth and Opportunity Board; Virginia investment performance grants. Virginia Growth and Opportunity Act; Virginia investment performance grants; Virginia economic development incentive grants. Reduces the local funding match requirement for GO Virginia grants from being equal to the grant amount to being at least equal to half of the grant amount until July 1, 2028. The bill adds the Secretary of Labor to the Virginia Growth and Opportunity Board. The bill also requires, for a Virginia investment performance grant award determination that includes a job creation requirement, an eligible manufacturer or research and development service to pay an average wage, excluding fringe benefits, that is no less than the prevailing average wage for such new jobs. Under the bill, beginning July 1, 2024, (i) the aggregate amount of Virginia investment performance grants payable to all grant recipients in any fiscal year shall not exceed $7 million and (ii) grants shall be payable in amounts up to $5 million per eligible manufacturer or research and development service in five equal, annual installments of up to $1 million, beginning in the first year after verification of capital investment and pledged employment. The bill also provides that eligible companies shall be eligible to receive Virginia economic development incentive grants in the first year after verification that requirements applicable to such grant are satisfied. The bill contains an enactment clause clarifying that no existing agreement entered into prior to the effective date of the bill shall be impacted by the bill. us/states/va Virginia General Assembly 2024 SB 496 Virginia SB 496 (2024)
bill
enacted
Jennifer D. Carroll Foy
6 57 12 2024-01-09 2024-04-08 openstates ocd-bill/f95728c0-a237-46b4-be21-8e373e5884a2 https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+SB496 304d898f9f6db7680c002ddd04117cd78c925da69a41113d35238813071c5112 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
bill
us-va

Virginia SB 496 (2024) — Virginia Growth and Opportunity Board; Virginia investment performance grants.

Virginia Growth and Opportunity Act; Virginia investment performance grants; Virginia economic development incentive grants. Reduces the local funding match requirement for GO Virginia grants from being equal to the grant amount to being at least equal to half of the grant amount until July 1, 2028. The bill adds the Secretary of Labor to the Virginia Growth and Opportunity Board. The bill also requires, for a Virginia investment performance grant award determination that includes a job creation requirement, an eligible manufacturer or research and development service to pay an average wage, excluding fringe benefits, that is no less than the prevailing average wage for such new jobs. Under the bill, beginning July 1, 2024, (i) the aggregate amount of Virginia investment performance grants payable to all grant recipients in any fiscal year shall not exceed $7 million and (ii) grants shall be payable in amounts up to $5 million per eligible manufacturer or research and development service in five equal, annual installments of up to $1 million, beginning in the first year after verification of capital investment and pledged employment. The bill also provides that eligible companies shall be eligible to receive Virginia economic development incentive grants in the first year after verification that requirements applicable to such grant are satisfied. The bill contains an enactment clause clarifying that no existing agreement entered into prior to the effective date of the bill shall be impacted by the bill.

Version chain

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

  1. CHAP0624 (committee substitute) — source
  2. Committee substitute printed 24106988D-S1 (committee substitute) — source
  3. Committee substitute printed 24107890D-H1 (committee substitute) — source
  4. Conference substitute printed 24109093D-S2 (committee substitute) — source
  5. SB496ER (committee substitute) — source
  6. SB496ES1 (committee substitute) — source

Votes

  • VOTE: Passage (84-Y 11-N) — 83–11 (pass) · lower
  • Reported from General Laws and Technology with substitute (15-Y 0-N) — 15–0 (pass) · upper
  • Subcommittee recommends reporting with substitute (6-Y 0-N) — 6–0 (pass) · lower
  • Conference report agreed to by Senate (39-Y 1-N) — 39–1 (pass) · upper
  • Reported from General Laws with substitute (22-Y 0-N) — 22–0 (pass) · lower
  • Passed Senate (40-Y 0-N) — 40–0 (pass) · upper
  • Constitutional reading dispensed (39-Y 0-N) — 39–0 (pass) · upper
  • VOTE: Adoption (86-Y 10-N) — 85–10 (pass) · lower
  • Reported from Finance and Appropriations with amendment (15-Y 0-N) — 15–0 (pass) · upper
  • House substitute rejected by Senate (0-Y 40-N) — 0–40 (fail) · upper
  • Constitutional reading dispensed (40-Y 0-N) — 40–0 (pass) · upper
  • Senate acceded to request (40-Y 0-N) — 40–0 (pass) · upper

Sponsors

  • Jennifer D. Carroll Foy — primary (person)

Timeline

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

  • 2024-01-09 Prefiled and ordered printed; offered 01/10/24 24104367D filing, introduction
  • 2024-01-09 Referred to Committee on General Laws and Technology referral-committee
  • 2024-02-07 Senate committee, floor amendments and substitutes offered
  • 2024-02-07 Reported from General Laws and Technology with substitute (15-Y 0-N) committee-passage
  • 2024-02-07 Committee substitute printed 24106988D-S1 substitution
  • 2024-02-07 Rereferred to Finance and Appropriations referral-committee
  • 2024-02-12 Reported from Finance and Appropriations with amendment (15-Y 0-N) committee-passage
  • 2024-02-12 Constitutional reading dispensed (40-Y 0-N)
  • 2024-02-13 Read second time reading-2
  • 2024-02-13 Reading of substitute waived
  • 2024-02-13 Committee substitute agreed to 24106988D-S1 substitution
  • 2024-02-13 Reading of amendment waived
  • 2024-02-13 Committee amendment agreed to amendment-passage
  • 2024-02-13 Engrossed by Senate - committee substitute with amendment SB496ES1 substitution
  • 2024-02-13 Printed as engrossed 24106988D-ES1
  • 2024-02-13 Constitutional reading dispensed (39-Y 0-N)
  • 2024-02-13 Passed Senate (40-Y 0-N) passage
  • 2024-02-13 Impact statement from DPB (SB496S1)
  • 2024-02-15 Impact statement from DPB (SB496ES1)
  • 2024-02-16 Placed on Calendar
  • 2024-02-16 Read first time reading-1
  • 2024-02-16 Referred to Committee on General Laws referral-committee
  • 2024-02-19 Assigned GL sub: Professions/Occupations and Administrative Process referral-committee
  • 2024-02-22 House subcommittee amendments and substitutes offered
  • 2024-02-22 Subcommittee recommends reporting with substitute (6-Y 0-N) substitution
  • 2024-02-27 Reported from General Laws with substitute (22-Y 0-N) committee-passage
  • 2024-02-27 Committee substitute printed 24107890D-H1 substitution
  • 2024-02-29 Read second time reading-2
  • 2024-03-01 Impact statement from DPB (SB496H1)
  • 2024-03-01 Read third time reading-3
  • 2024-03-01 Committee substitute agreed to 24107890D-H1 substitution
  • 2024-03-01 Engrossed by House - committee substitute SB496H1 substitution
  • 2024-03-01 Passed House with substitute (84-Y 11-N) passage
  • 2024-03-01 VOTE: Passage (84-Y 11-N) passage
  • 2024-03-04 Passed by for the day
  • 2024-03-05 House substitute rejected by Senate (0-Y 40-N)
  • 2024-03-06 House insisted on substitute substitution
  • 2024-03-06 House requested conference committee referral-committee
  • 2024-03-07 Senate acceded to request (40-Y 0-N)
  • 2024-03-07 Conferees appointed by Senate
  • 2024-03-07 Senators: Carroll Foy, McPike, French
  • 2024-03-07 Conferees appointed by House
  • 2024-03-07 Delegates: Bennett-Parker, Thomas, Arnold
  • 2024-03-08 Amended by conference committee
  • 2024-03-08 Conference substitute printed 24109093D-S2
  • 2024-03-08 Conference report agreed to by Senate (39-Y 1-N) committee-passage-favorable
  • 2024-03-08 Conference report agreed to by House (86-Y 10-N) committee-passage-favorable
  • 2024-03-08 VOTE: Adoption (86-Y 10-N)
  • 2024-03-25 Enrolled enrolled
  • 2024-03-25 Bill text as passed Senate and House (SB496ER) passage
  • 2024-03-25 Signed by President passage
  • 2024-03-26 Signed by Speaker passage
  • 2024-03-27 Enrolled Bill Communicated to Governor on March 27, 2024 enrolled
  • 2024-03-27 Governor's Action Deadline 11:59 p.m., April 8, 2024 executive-receipt
  • 2024-03-31 Impact statement from DPB (SB496ER)
  • 2024-04-08 Approved by Governor-Chapter 624 (effective 7/1/24 - see bill) executive-signature
  • 2024-04-08 Acts of Assembly Chapter text (CHAP0624)

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/f95728c0-a237-46b4-be21-8e373e5884a2. Confidence: reported (aggregated from official Virginia legislature records).

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