VA HB1787 | 2021 | Regular Session

Virginia House Bill 1787 (Prior Session Legislation)

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 1 2021 - 25% progression, died in chamber
Action: 2021-01-18 - Tabled in Finance (13-Y 9-N)
Text: Latest bill text (Prefiled) [HTML]

Summary

Income tax exclusion for Paycheck Protection Plan loan forgiveness. Establishes an income tax exclusion for forgiveness of indebtedness on a loan received under the Coronavirus Aid, Relief, and Economic Security (CARES) Act through the Paycheck Protection Plan. The exclusion would be available starting in taxable year 2020.

Title

Income tax, state; establishes an exclusion for Paycheck Protection Plan loan forgiveness.

Roll Calls

2021-01-18 - House - House: Tabled in Finance (13-Y 9-N) (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]

History

Date	Chamber	Action
2021-01-18	House	Tabled in Finance (13-Y 9-N)
2021-01-01	House	Referred to Committee on Finance
2021-01-01	House	Prefiled and ordered printed; offered 01/13/21 21100165D

Code Citations

Chapter	Article	Section	Citation Type	Statute Text
58	1	321	(n/a)	See Bill Text

Virginia State Sources

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?211+sum+HB1787
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?211+ful+HB1787+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?211+oth+HB1787F161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+H10V0024+HB1787