VA SB288 | 2022 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Vetoed on April 11 2022 - 100% progression
Action: 2022-04-27 - Senate sustained Governor's veto
Text: Latest bill text (Enrolled) [HTML]
Status: Vetoed on April 11 2022 - 100% progression
Action: 2022-04-27 - Senate sustained Governor's veto
Text: Latest bill text (Enrolled) [HTML]
Summary
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 ยง 163(j) of the Internal Revenue Code for taxable years beginning on and after January 1, 2022.
Title
Income tax, state and corporate; deductions for business interest.
Sponsors
| Sen. Adam Ebbin [D] |
Roll Calls
2022-04-27 - Senate - Senate: Motion to pass in enrolled form rejected (26-Y 14-N) (Y: 26 N: 14 NV: 0 Abs: 0) [PASS]
2022-03-02 - Senate - Senate: House substitute agreed to by Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-03-01 - House - House: VOTE: Passage (95-Y 4-N) (Y: 95 N: 4 NV: 0 Abs: 1) [PASS]
2022-02-23 - House - House: Reported from Finance with substitute (21-Y 0-N) (Y: 21 N: 0 NV: 0 Abs: 1) [PASS]
2022-02-14 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-14 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-11 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-10 - Senate - Senate: Reported from Finance and Appropriations with amendment (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
2022-03-02 - Senate - Senate: House substitute agreed to by Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-03-01 - House - House: VOTE: Passage (95-Y 4-N) (Y: 95 N: 4 NV: 0 Abs: 1) [PASS]
2022-02-23 - House - House: Reported from Finance with substitute (21-Y 0-N) (Y: 21 N: 0 NV: 0 Abs: 1) [PASS]
2022-02-14 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-14 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-11 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-10 - Senate - Senate: Reported from Finance and Appropriations with amendment (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-04-27 | Senate | Senate sustained Governor's veto |
| 2022-04-27 | Senate | Requires 2/3 affirmative votes to pass in enrolled form |
| 2022-04-27 | Senate | Motion to pass in enrolled form rejected (26-Y 14-N) |
| 2022-04-11 | Governor: Vetoed by Governor | |
| 2022-03-22 | Governor: Governor's Action Deadline 11:59 p.m., April 11, 2022 | |
| 2022-03-22 | Senate | Enrolled Bill Communicated to Governor on March 22, 2022 |
| 2022-03-08 | House | Signed by Speaker |
| 2022-03-08 | Senate | Signed by President |
| 2022-03-07 | Senate | Bill text as passed Senate and House (SB288ER) |
| 2022-03-07 | Senate | Enrolled |
| 2022-03-02 | Senate | Title replaced 22106923D-H1 |
| 2022-03-02 | Senate | House substitute agreed to by Senate (40-Y 0-N) |
| 2022-03-01 | House | VOTE: Passage (95-Y 4-N) |
| 2022-03-01 | House | Passed House with substitute (95-Y 4-N) |
| 2022-03-01 | House | Engrossed by House - committee substitute SB288H1 |
| 2022-03-01 | House | Committee substitute agreed to 22106923D-H1 |
| 2022-03-01 | House | Read third time |
| 2022-02-28 | House | Passed by for the day |
| 2022-02-25 | House | Read second time |
| 2022-02-23 | House | Committee substitute printed 22106923D-H1 |
| 2022-02-23 | House | Reported from Finance with substitute (21-Y 0-N) |
| 2022-02-18 | House | Referred to Committee on Finance |
| 2022-02-18 | House | Read first time |
| 2022-02-18 | House | Placed on Calendar |
| 2022-02-14 | Senate | Passed Senate (40-Y 0-N) |
| 2022-02-14 | Senate | Constitutional reading dispensed (40-Y 0-N) |
| 2022-02-14 | Senate | Printed as engrossed 22101948D-E |
| 2022-02-14 | Senate | Engrossed by Senate as amended SB288E |
| 2022-02-14 | Senate | Committee amendment agreed to |
| 2022-02-14 | Senate | Reading of amendment waived |
| 2022-02-14 | Senate | Read second time |
| 2022-02-11 | Senate | Constitutional reading dispensed (40-Y 0-N) |
| 2022-02-10 | Senate | Reported from Finance and Appropriations with amendment (16-Y 0-N) |
| 2022-01-11 | Senate | Referred to Committee on Finance and Appropriations |
| 2022-01-11 | Senate | Prefiled and ordered printed; offered 01/12/22 22101948D |
Same As/Similar To
HB1006 (Same As) 2022-04-11 - Governor: Acts of Assembly Chapter text (CHAP0648)
HB1006 (Same As) 2022-04-11 - Governor: Acts of Assembly Chapter text (CHAP0648)
HB1006 (Same As) 2022-04-11 - Governor: Acts of Assembly Chapter text (CHAP0648)
