HB1033
Va. Economic Dev. Partnership Authority; Division of Incentives; due diligence for major projects.
Status:
In House
Latest Action:
Jan. 27, 2026
House: Assigned HCL sub: Subcommittee #2
Chief Patron:
Kathy Tran (D)
Session:
2026 Regular Session
Summary
As Introduced. 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 ... (More) 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. (Less)-
Bill History
- 01/14/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26103682D
- 01/14/2026 - House: Referred to Committee on Labor and Commerce
- 01/21/2026 - House: Fiscal Impact Statement from Department of Planning and Budget (HB1033)
- 01/27/2026 - House: Assigned HCL sub: Subcommittee #2
