Virginia taxable income; corporations; deductions; business interest. (HB1006)

Introduced By

Del. Emily Brewer (R-Suffolk)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Virginia taxable income; corporations; deductions; business interest. Increases from 20 percent to any amount 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. Read the Bill »

Status

01/12/2022: Awaiting a Vote in the Finance Committee

History

DateAction
01/12/2022Prefiled and ordered printed; offered 01/12/22 22102127D
01/12/2022Committee

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