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

---
type: "Bill"
title: "Income tax, state and corporate; deductions for business interest."
description: "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."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2022"
identifier: "HB 1006"
citation: "Virginia HB 1006 (2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Emily M. Brewer"]
version_count: 5
action_count: 35
vote_count: 7
first_action: "2022-01-12"
last_action: "2022-04-11"
source: "openstates"
source_identifier: "ocd-bill/9736c472-539a-4f3f-adf5-91347a0ab9c4"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB1006"
source_hash: "edbd12f4ec0e838cc6673253fb7a7f7ca89a2d442f481ee6c6927890f7c4995d"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["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](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+CHAP0648)
2. **Committee substitute printed 22105587D-H1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB1006H1)
3. **Committee substitute printed 22106353D-H2** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB1006H2)
4. **HB1006ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB1006ER)
5. **Prefiled and ordered printed; offered 01/12/22 22102127D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB1006)

## 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](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/9736c472-539a-4f3f-adf5-91347a0ab9c4`. Confidence: reported (aggregated from official Virginia legislature records).