Creates the Division of Regulatory Management (the Division) within the Department of Planning and Budget to develop and maintain a state regulatory baseline of all current state regulatory requirements. The bill defines a regulatory requirement as any action required to be taken or information required to be provided in accordance with a statute, regulation, or policy in order to access government services or operate and conduct business. The bill also provides that after the regulatory baseline has been established, any subsequent regulatory requirement proposed by an agency that is not included in the initial state regulatory baseline is considered a new regulatory requirement and requires the approval of the Division before it may be enacted. The bill provides that approval shall only be granted if, among other things, the total number of regulatory requirements for the requesting agency is either kept at the regulatory baseline for the agency or reduced. The bill contains technical amendments.
Sponsored bills
Establishes additional corporate and individual income tax deductions beginning January 1, 2017, for artificial intelligence industry employers for (i) compensation paid to employees and independent contractors who have earned an undergraduate or graduate degree in a program accredited by the Accreditation Board for Engineering and Technology (ABET) and (ii) tuition payments or reimbursements on behalf of employees and independent contractors earning an undergraduate or graduate degree in a program accredited by ABET while employed by, or performing services under a contract with, such employers. The deduction for compensation paid equals (a) 20 percent of such compensation paid for the first through fifth years of employment if the employee or independent contractor graduated from an ABET-accredited program located in the Commonwealth or (b) 10 percent of the compensation paid for the first through fifth years of employment if the qualified employee or independent contractor graduated from an ABET-accredited program located outside the Commonwealth. In no event would the deduction allowed for compensation exceed $4,000 each year of employment for each employee or independent contractor. In no event would the deduction allowed for tuition payments or reimbursements on behalf of each employee or independent contractor for the relevant year of employment exceed 50 percent of the average annual amount for enrollment and instruction in an ABET-accredited program at a public institution of higher education in the Commonwealth.
Provides a $1,000 tax credit to an employer for each intern hired as part of a qualified internship program. The bill defines "qualified internship program" as an internship in which the student works at least 20 hours per week for at least 10 weeks; the intern receives at least minimum wage; the intern receives training that enhances job-related skills; and such training is in the field of electrical work, engineering, manufacturing, or mechanical work. An employer would be required to obtain approval of its internship program from a school division or community college of the Commonwealth and the Department of Small Business and Supplier Diversity. The bill also provides a credit of 30 percent of the value of any matching contribution made by the employer, up to $1,000, for a student intern's contribution to his Virginia College Savings Plan.
Provides that any responsible person who abuses or neglects an incapacitated adult and such abuse or neglect results in any bodily injury, other than serious bodily injury, to the incapacitated adult is guilty of a Class 6 felony, which is in addition to the current Class 4 felony if such abuse or neglect results in serious bodily injury. The bill also expands the class of victims of the crime of financial exploitation of incapacitated persons to include persons incapacitated due to physical illness or disability, advanced age, or other causes. The current law applies only to victims who suffer from mental incapacity.