republic-os/legislation/us/states/va/2022/hb-1006.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Income tax, state and corporate; deductions for business interest.	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 § 163(j) of the Internal Revenue Code for taxable years beginning on and after January 1, 2022. This bill is identical to SB 288.	us/states/va	Virginia General Assembly	2022	HB 1006	Virginia HB 1006 (2022)	bill		enacted	Emily M. Brewer	5	35	7	2022-01-12	2022-04-11	openstates	ocd-bill/9736c472-539a-4f3f-adf5-91347a0ab9c4	https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB1006	edbd12f4ec0e838cc6673253fb7a7f7ca89a2d442f481ee6c6927890f7c4995d	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-va

Virginia HB 1006 (2022) — Income tax, state and corporate; deductions for business interest.

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 § 163(j) of the Internal Revenue Code for taxable years beginning on and after January 1, 2022. This bill is identical to SB 288.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. CHAP0648 (committee substitute) — source
2. Committee substitute printed 22105587D-H1 (committee substitute) — source
3. Committee substitute printed 22106353D-H2 (committee substitute) — source
4. HB1006ER (committee substitute) — source
5. Prefiled and ordered printed; offered 01/12/22 22102127D (committee substitute) — source

Votes

• VOTE: Passage (89-Y 9-N) — 88–9 (pass) · lower
• Subcommittee recommends reporting with substitute (6-Y 2-N) — 6–2 (pass) · lower
• Reported from Appropriations with substitute (18-Y 0-N) — 18–0 (pass) · lower
• Passed Senate (40-Y 0-N) — 40–0 (pass) · upper
• Constitutional reading dispensed (40-Y 0-N) — 40–0 (pass) · upper
• Reported from Finance with substitute (15-Y 6-N) — 15–6 (pass) · lower
• Reported from Finance and Appropriations (15-Y 0-N) — 15–0 (pass) · upper

Sponsors

• Emily M. Brewer — primary (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2022-01-12 Prefiled and ordered printed; offered 01/12/22 22102127D introduction
• 2022-01-12 Referred to Committee on Finance referral-committee
• 2022-01-27 Assigned Finance sub: Subcommittee #1 referral-committee
• 2022-01-31 House subcommittee amendments and substitutes offered
• 2022-01-31 Subcommittee recommends reporting with substitute (6-Y 2-N)
• 2022-02-02 House committee, floor amendments and substitutes offered
• 2022-02-02 Committee substitute printed 22105587D-H1 substitution
• 2022-02-02 Reported from Finance with substitute (15-Y 6-N) committee-passage
• 2022-02-02 Referred to Committee on Appropriations referral-committee
• 2022-02-08 Impact statement from TAX (HB1006H1)
• 2022-02-10 Impact statement from TAX (HB1006)
• 2022-02-11 House committee, floor amendments and substitutes offered
• 2022-02-11 Reported from Appropriations with substitute (18-Y 0-N) committee-passage
• 2022-02-11 Committee substitute printed 22106353D-H2 substitution
• 2022-02-13 Read first time reading-1
• 2022-02-14 Read second time reading-2
• 2022-02-14 Committee on Finance substitute rejected 22105587D-H1
• 2022-02-14 Committee on Appropriations substitute agreed to 22106353D-H2
• 2022-02-14 Engrossed by House - committee substitute HB1006H2
• 2022-02-15 Read third time and passed House (89-Y 9-N) passage, reading-3
• 2022-02-15 VOTE: Passage (89-Y 9-N)
• 2022-02-16 Constitutional reading dispensed
• 2022-02-16 Referred to Committee on Finance and Appropriations referral-committee
• 2022-02-18 Impact statement from TAX (HB1006H2)
• 2022-03-01 Reported from Finance and Appropriations (15-Y 0-N) committee-passage
• 2022-03-02 Constitutional reading dispensed (40-Y 0-N)
• 2022-03-02 Read third time reading-3
• 2022-03-02 Passed Senate (40-Y 0-N) passage
• 2022-03-07 Enrolled
• 2022-03-08 Impact statement from TAX (HB1006ER)
• 2022-03-08 Signed by Speaker
• 2022-03-08 Signed by President
• 2022-03-22 Enrolled Bill communicated to Governor on March 22, 2022
• 2022-03-22 Governor's Action Deadline 11:59 p.m., April 11, 2022
• 2022-04-11 Approved by Governor-Chapter 648 (effective 7/1/22) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/9736c472-539a-4f3f-adf5-91347a0ab9c4. Confidence: reported (aggregated from official Virginia legislature records).