Modifies the qualified equity and subordinated debt investments tax credit by (i) increasing the maximum amount of credits that can be issued each year from $5 million to $7.5 million, (ii) allocating the $2.5 million annual increase in credits to cybersecurity businesses, and (iii) allowing credit for investments in technology businesses with no more than 50 full-time employees.
Removes the existing provisions that a person's driver's license is suspended (i) when he is convicted or placed on deferred disposition for a drug offense and (ii) for violations not pertaining to the operation of a motor vehicle. The bill provides that a court may permit an inmate in a local or regional jail to earn credits against any fines or court costs imposed against him by performing community service. The bill increases the grace period after which collection activity for unpaid court fines, costs, forfeitures, penalties, and restitution may be commenced from 30 days to 90 days after sentencing or judgment. The provisions of the bill that affect the Code of Virginia have a delayed effective date of September 1, 2017.
Permits law-enforcement vehicles to be equipped with steady-burning blue or red lights in addition to being equipped with flashing, blinking, or alternating blue, blue and red, blue and white, or red, white, and blue combination warning lights of types approved by the Superintendent of State Police.