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Enterprise zone grant program; work group; report. Changes provisions related to enterprise zone real property investment grants by (i) creating an elevated grant tier on and after July 1, 2025, for major qualified zone investors, defined in the bill, and capping grants for such major qualified zone investors at $300,000 within any five-year period for any individual building or facility and (ii) including child day centers in the definition of qualified real property investments for purposes of enterprise zone real property investment grants. The bill directs the Department of Housing and Community Development to collaborate with the Virginia Economic Development Partnership Authority to convene a work group to review the utilization of currently designated enterprise zones, make recommendations on renewals or termination of such zones, and report its findings by November 1, 2025. The bill contains technical amendments.
Introduced
Jan 7, 2025
Last Action
Mar 21, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Acts of Assembly Chapter text (CHAP0250)
Approved by Governor-Chapter 250 (Effective 07/01/25)
Governor's Action Deadline 11:59 p.m., March 24, 2025
Enrolled Bill communicated to Governor on March 11, 2025
Signed by President
Bill text as passed House and Senate (HB2163ER)
Signed by Speaker
Fiscal Impact Statement from Department of Planning and Budget (HB2163)
Enrolled
Reading of amendments waived
Senate Amendments agreed to by House (94-Y 2-N)
Reconsideration of Senate amendments agreed to by House
Senate Amendments agreed to by House (94-Y 1-N)
Reconsideration of Senate passage agreed to by Senate (39-Y 0-N)
Passed Senate with amendments (39-Y 0-N)
Engrossed by Senate as amended
General Laws and Technology Amendments agreed to
Read third time
Constitutional reading dispensed (on 2nd reading) (40-Y 0-N)
Rules suspended
Passed by for the day
Reported from Finance and Appropriations (14-Y 0-N)
Reported from General Laws and Technology with amendments and rereferred to Finance and Appropriations (15-Y 0-N)
Constitutional reading dispensed (on 1st reading)
Fiscal Impact Statement from Department of Planning and Budget (HB2163)
Referred to Committee on General Laws and Technology
Reconsideration of passage agreed to by House
Passed House (99-Y 0-N)
Read third time and passed House (97-Y 0-N)
Read second time
Engrossed by House - committee substitute
General Laws Substitute agreed to
Read first time
Reported from General Laws with substitute (21-Y 0-N)
Committee substitute printed 25106202D-H1
Subcommittee recommends reporting with substitute (8-Y 0-N)
Fiscal Impact Statement from Department of Planning and Budget (HB2163)
Assigned GL sub: Housing/Consumer Protection
Prefiled and ordered printed; Offered 01-13-2025 25101760D
Referred to Committee on General Laws
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Acts of Assembly Chapter text (CHAP0250)
Betsy B. Carr