Virginia House Bill 1003 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 12 2022 - 25% progression, died in chamber
Action: 2022-01-26 - Stricken from docket by Finance (20-Y 2-N)
Text: Latest bill text (Prefiled) [HTML]

Conformity of the Commonwealth's taxation system with the Internal Revenue Code; emergency. Advances Virginia's date of conformity with the Internal Revenue Code from December 31, 2020, to December 31, 2021. The bill also deconforms from provisions of the (i) federal Coronavirus Aid, Relief, and Economic Security Act (CARES Act) related to the net operating loss limitation and carryback, a loss limitation applicable to taxpayers other than corporations, the limitation on business interest, and certain loan forgiveness and other business financial assistance and (ii) federal American Rescue Plan Act related to restaurant revitalization grants and emergency injury disaster loans received for taxable years beginning before January 1, 2021. The bill contains an emergency clause.

Internal Revenue Code; conformity of the Commonwealth's taxation system.

Del. Kathy Byron [R]

2022-01-26 - House - House: Stricken from docket by Finance (20-Y 2-N) (Y: 20 N: 2 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2022-01-26	House	Stricken from docket by Finance (20-Y 2-N)
2022-01-12	House	Referred to Committee on Finance
2022-01-12	House	Prefiled and ordered printed with emergency clause; offered 01/12/22 22102992D

Chapter	Article	Section	Citation Type	Statute Text
58	1	301	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB1003
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB1003+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?221+oth+HB1003F161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?221+vot+H10V0007+HB1003