VirginiaHB23582025 Regular SessionHouse

Current and Mature Semiconductor Technology Grant Fund; established.

Sponsored By: Luke E. Torian (Democratic)

To Governor

Summary

Current and Mature Semiconductor Technology Grant Fund. Establishes the Current and Mature Semiconductor Technology Grant Fund to, subject to appropriation, fund 15 annual grant award installments, in an aggregate amount not to exceed $60 million, to a qualified company that engages in the manufacture of semiconductors and that executes a memorandum of understanding with the Commonwealth and, on and after July 1, 2024, but before June 30, 2040, is expected to (i) make a capital investment, defined in the bill, of at least $2,170,130,850 and (ii) create and maintain at least 340 new full-time jobs, in an eligible locality, defined in the bill. The bill also authorizes bonus grants of up to $10 million that a qualified company may earn for certain new full-time job creation and maintenance. The bill also repeals the existing Semiconductor Manufacturing Grant Fund and is identical to SB 1208.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Luke E. Torian

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 210 • No: 7

Senate vote • 2/7/2025

Passed Senate Block Vote

Yes: 39 • No: 0

Senate vote • 2/6/2025

Constitutional reading dispensed Block Vote (on 2nd reading)

Yes: 40 • No: 0

Senate vote • 2/5/2025

Reported from Finance and Appropriations

Yes: 13 • No: 0

House vote • 1/30/2025

Read third time and passed House

Yes: 88 • No: 7

House vote • 1/24/2025

Reported from Appropriations

Yes: 22 • No: 0

House vote • 1/22/2025

Subcommittee recommends reporting

Yes: 8 • No: 0 • Other: 1

Actions Timeline

  1. Acts of Assembly Chapter text (CHAP0034)

    3/18/2025Governor
  2. Approved by Governor-Chapter 34 (Effective 07/01/25)

    3/18/2025Governor
  3. Governor's Action Deadline 11:59 p.m., March 24, 2025

    2/18/2025Governor
  4. Enrolled Bill communicated to Governor on February 18, 2025

    2/18/2025House
  5. Signed by President

    2/13/2025Senate
  6. Fiscal Impact Statement from Department of Planning and Budget (HB2358)

    2/11/2025House
  7. Bill text as passed House and Senate (HB2358ER)

    2/10/2025House
  8. Enrolled

    2/10/2025House
  9. Signed by Speaker

    2/10/2025House
  10. Passed Senate Block Vote (39-Y 0-N)

    2/7/2025Senate
  11. Read third time

    2/7/2025Senate
  12. Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N)

    2/6/2025Senate
  13. Passed by for the day

    2/6/2025Senate
  14. Rules suspended

    2/6/2025Senate
  15. Reported from Finance and Appropriations (13-Y 0-N)

    2/5/2025Senate
  16. Referred to Committee on Finance and Appropriations

    1/31/2025Senate
  17. Constitutional reading dispensed (on 1st reading)

    1/31/2025Senate
  18. Read third time and passed House (88-Y 7-N)

    1/30/2025House
  19. Read second time and engrossed

    1/29/2025House
  20. Moved from Uncontested Calendar to Regular Calendar

    1/29/2025House
  21. Read first time

    1/28/2025House
  22. Reported from Appropriations (22-Y 0-N)

    1/24/2025House
  23. Subcommittee recommends reporting (8-Y 0-N)

    1/22/2025House
  24. Fiscal Impact Statement from Department of Planning and Budget (HB2358)

    1/20/2025House
  25. Assigned Approps sub: Commerce Agriculture & Natural Resources

    1/18/2025House

Bill Text

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