Virginia Senate Bill 579 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 18 2012 - 25% progression, died in chamber
Action: 2012-02-08 - Senate: Passed by indefinitely in Finance (13-Y 2-N)
Text: Latest bill text (Introduced) [HTML]

Research and technology funding; Commonwealth Innovation Investment Fund. Creates the Commonwealth Innovation Investment Fund. The Fund will be administered by the Innovation and Entrepreneurship Investment Authority to create, attract, retain, expand, and enhance technology research, innovation, and economic development in the Commonwealth. Beginning in 2014, the Fund will receive a portion of the income taxes withheld by science and innovation companies that employ persons in the Commonwealth. The percentage of the withheld taxes allocated to the Fund will be based on a percentage of the difference between the current year's withheld taxes and the amount withheld in 2011, the baseline year.

Commonwealth Innovation Investment Fund; created.

Sen. Mark Herring [D]

2012-02-08 - Senate - Senate: Passed by indefinitely in Finance (13-Y 2-N) (Y: 13 N: 2 NV: 0 Abs: 0) [PASS]
2012-01-30 - Senate - Senate: Reported from General Laws and Technology with amendments (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2012-02-08		Senate: Passed by indefinitely in Finance (13-Y 2-N)
2012-01-30		Senate: Rereferred to Finance
2012-01-30		Senate: Reported from General Laws and Technology with amendments (15-Y 0-N)
2012-01-18		Senate: Referred to Committee on General Laws and Technology
2012-01-18		Senate: Presented and ordered printed 12104189D

Chapter	Article	Section	Citation Type	Statute Text
2	2	2233.3	(n/a)	See Bill Text
58	1	550	(n/a)	See Bill Text
58	1	551	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?121+sum+SB579
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+SB579+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+S12V0052+SB0579
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+S05V0116+SB0579