HB 1033 VA Introduced
Va. Economic Dev. Partnership Authority; Division of Incentives; due diligence for major projects.
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Summary
Virginia Economic Development Partnership Authority; Division of Incentives; due diligence for major projects. Requires the due diligence review performed by the Division of Incentives at the Virginia Economic Development Partnership Authority for proposed economic development projects to include whether and to what extent the business involved has executed a labor peace agreement, as defined in the bill, with its employees if the project is a major one for which (i) incentives require a change to the law, (ii) incentives involve cash payments in excess of $3.5 million prior to any performance, or (iii) the aggregate amount of state incentives exceeds $10 million in value.
Sponsor (1)
- Kathy K.L. Tran Democratic · primary
Action history (6)
- Jan 14, 2026 Prefiled and ordered printed; Offered 01-14-2026 26103682D · lower
- Jan 14, 2026 Referred to Committee on Labor and Commerce · lower
- Jan 21, 2026 Fiscal Impact Statement from Department of Planning and Budget (HB1033) · lower
- Jan 27, 2026 Assigned HCL sub: Subcommittee #2 · lower
- Feb 12, 2026 Subcommittee recommends striking from the docket (7-Y 0-N) · lower
- Feb 18, 2026 Left in Labor and Commerce · lower
Text versions (2)
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