Income tax, state; conformity with the Internal Revenue Code. (SB1146)

Introduced By

Sen. Janet Howell (D-Reston) with support from co-patron Sen. Chap Petersen (D-Fairfax)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Conformity of the Commonwealth's taxation system with the Internal Revenue Code. Advances Virginia's date of conformity with the Internal Revenue Code from December 31, 2019, to December 31, 2020. The bill deconforms from the suspension of the overall limitation on itemized deductions and the reduction in the medical expense deduction floor for taxable year 2017 and taxable years on and after January 1, 2019, and from the provisions of the 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. The bill provides an individual and corporate income tax deduction or subtraction, as applicable, of up to $100,000 for Rebuild Virginia grants and certain amounts related to Paycheck Protection Program loans. The bill contains an emergency clause and is identical to HB 1935. Read the Bill »


03/15/2021: signed by governor


01/05/2021Prefiled and ordered printed with emergency clause; offered 01/13/21 21102155D
01/05/2021Referred to Committee on Finance and Appropriations
02/03/2021Senate committee, floor amendments and substitutes offered
02/03/2021Reported from Finance and Appropriations with substitute (10-Y 4-N 1-A) (see vote tally)
02/03/2021Committee substitute printed 21103832D-S1
02/03/2021Incorporates SB1394 (Petersen)
02/03/2021Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/03/2021Impact statement from TAX (SB1146S1)
02/04/2021Senate committee, floor amendments and substitutes offered
02/04/2021Read second time
02/04/2021Reading of substitute waived
02/04/2021Committee substitute agreed to 21103832D-S1
02/04/2021Reading of amendments waived
02/04/2021Amendments by Senator McDougle rejected (17-Y 22-N) (see vote tally)
02/04/2021Amendments by Senator Newman agreed to
02/04/2021Emergency clause deleted
02/04/2021Engrossed by Senate - committee substitute with amendments SB1146ES1
02/04/2021Printed as engrossed 21103832D-ES1
02/04/2021Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/04/2021Passed Senate (39-Y 0-N) (see vote tally)
02/07/2021Placed on Calendar
02/07/2021Read first time
02/07/2021Referred to Committee on Finance
02/08/2021Continued to Special Session 1 in Finance
02/08/2021Impact statement from TAX (SB1146ES1)
02/10/2021House committee, floor amendments and substitutes offered
02/10/2021Reported from Finance with substitute (13-Y 9-N) (see vote tally)
02/10/2021Committee substitute printed 21200004D-H1
02/12/2021Read second time
02/15/2021Read third time
02/15/2021Committee substitute agreed to 21200004D-H1
02/15/2021Engrossed by House - committee substitute SB1146H1
02/15/2021Passed House with substitute (55-Y 44-N)
02/15/2021VOTE: Adoption (55-Y 44-N) (see vote tally)
02/17/2021House substitute rejected by Senate (2-Y 37-N) (see vote tally)
02/18/2021House insisted on substitute
02/18/2021House requested conference committee
02/19/2021Senate acceded to request (38-Y 0-N)
02/19/2021Conferees appointed by Senate
02/19/2021Senators: Howell, Barker, Newman
02/19/2021Conferees appointed by House
02/19/2021Delegates: Watts, Torian, Knight
02/27/2021C Amended by conference committee
02/27/2021Conference substitute printed 21200693D-S2
02/27/2021Conference report agreed to by Senate (39-Y 0-N)
02/27/2021Conference report agreed to by House (95-Y 2-N)
02/27/2021VOTE: Agreed To (95-Y 2-N)
02/27/2021Emergency clause added
03/09/2021Bill text as passed Senate and House (SB1146ER)
03/09/2021Signed by President
03/11/2021Signed by Speaker
03/15/2021Enrolled Bill Communicated to Governor on March 15, 2021
03/15/2021G Governor's Action Deadline 11:59 p.m., March 31, 2021
03/15/2021G Approved by Governor-Chapter 118 (effective 3/15/21)
03/15/2021G Acts of Assembly Chapter text (CHAP0118)
05/18/2021Impact statement from TAX (SB1146ER)