Emily Jordan
- Republican
- Senator
- District 17
Primary
Virginia taxable income; corporations; deductions; business interest. Increases from 20 percent to 30 percent the Virginia individual and corporate income tax deduction for business interest disallowed as a deduction under § 163(j) of the Internal Revenue Code for taxable years beginning on and after January 1, 2022. This bill is identical to SB 288.
Virginia taxable income; corporations; deductions;business interest. Increases from 20 percent to any amount theVirginia individual and corporate income tax deduction for business interest disallowed as a deduction under ยง 163(j) of the InternalRevenue Code for taxable years beginning on and after January 1, 2022.
Approved by Governor-Chapter 648 (effective 7/1/22)
Enrolled Bill communicated to Governor on March 22, 2022
Governor's Action Deadline 11:59 p.m., April 11, 2022
Impact statement from TAX (HB1006ER)
Signed by President
Signed by Speaker
Enrolled
Constitutional reading dispensed (40-Y 0-N)
Passed Senate (40-Y 0-N)
Read third time
Reported from Finance and Appropriations (15-Y 0-N)
Impact statement from TAX (HB1006H2)
Referred to Committee on Finance and Appropriations
Constitutional reading dispensed
VOTE: Passage (89-Y 9-N)
Read third time and passed House (89-Y 9-N)
Committee on Appropriations substitute agreed to 22106353D-H2
Read second time
Committee on Finance substitute rejected 22105587D-H1
Engrossed by House - committee substitute HB1006H2
Read first time
Committee substitute printed 22106353D-H2
Reported from Appropriations with substitute (18-Y 0-N)
House committee, floor amendments and substitutes offered
Impact statement from TAX (HB1006)
Impact statement from TAX (HB1006H1)
Committee substitute printed 22105587D-H1
Referred to Committee on Appropriations
Reported from Finance with substitute (15-Y 6-N)
House committee, floor amendments and substitutes offered
House subcommittee amendments and substitutes offered
Subcommittee recommends reporting with substitute (6-Y 2-N)
Assigned Finance sub: Subcommittee #1
Referred to Committee on Finance
Prefiled and ordered printed; offered 01/12/22 22102127D
| Bill Text Versions | Format |
|---|---|
| Prefiled and ordered printed; offered 01/12/22 22102127D | PDF HTML |
| Committee substitute printed 22105587D-H1 | PDF HTML |
| Committee substitute printed 22106353D-H2 | PDF HTML |
| HB1006ER | PDF HTML |
| CHAP0648 | PDF HTML |
| Document | Format |
|---|---|
| Fiscal Impact Statement: HB1006FER161.PDF | |
| Fiscal Impact Statement: HB1006FH2161.PDF | |
| Fiscal Impact Statement: HB1006F161.PDF | |
| Fiscal Impact Statement: HB1006FH1161.PDF |
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