republic-os/legislation/us/states/va/2022/hb-224.md

---
type: "Bill"
title: "Income tax, corporate; filing status for tax returns of certain affiliated corporations."
description: "Corporate income tax returns of affiliated corporations. Provides that, for taxable years 2023 and 2024, certain affiliated corporations may elect to switch to or from consolidated corporate income tax return filing status under certain conditions, including the requirement that the affiliated group filed on the same basis for the preceding 20 years. The option would be available only to a group with at least one affiliate that is a bank exempt from filing a Virginia corporate income tax return. Current law requires a group of corporations to apply to the Tax Commissioner for permission to change the basis of the type of return filed and to meet certain specified requirements in order for permission to be granted. This bill is identical to SB 386."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2022"
identifier: "HB 224"
citation: "Virginia HB 224 (2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Carrie E. Coyner"]
version_count: 4
action_count: 29
vote_count: 6
first_action: "2022-01-10"
last_action: "2022-04-11"
source: "openstates"
source_identifier: "ocd-bill/9d54a7d0-f724-42c3-adaa-814cf54b5e2e"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB224"
source_hash: "c21f901505643fdc64dc0b4d22f3d15615793af1d42b8c7e710bcea78b3e1f7f"
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 224 (2022) — Income tax, corporate; filing status for tax returns of certain affiliated corporations.

Corporate income tax returns of affiliated corporations. Provides that, for taxable years 2023 and 2024, certain affiliated corporations may elect to switch to or from consolidated corporate income tax return filing status under certain conditions, including the requirement that the affiliated group filed on the same basis for the preceding 20 years. The option would be available only to a group with at least one affiliate that is a bank exempt from filing a Virginia corporate income tax return. Current law requires a group of corporations to apply to the Tax Commissioner for permission to change the basis of the type of return filed and to meet certain specified requirements in order for permission to be granted. This bill is identical to SB 386.

## Version chain

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

1. **CHAP0416** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+CHAP0416)
2. **HB224ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB224ER)
3. **Prefiled and ordered printed; offered 01/12/22 22101568D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB224)
4. **Printed as engrossed 22101568D-E** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB224E)

## Votes

- Subcommittee recommends reporting with amendments (9-Y 0-N) — **9–0** (pass) · lower
- VOTE: Passage (94-Y 4-N) — **93–4** (pass) · lower
- Reported from Finance and Appropriations (14-Y 0-N) — **14–0** (pass) · upper
- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
- Passed Senate (40-Y 0-N) — **40–0** (pass) · upper
- Reported from Finance with amendment(s) (21-Y 1-N) — **21–1** (pass) · lower

## Sponsors

- Carrie E. Coyner — primary (person)
- Mark L. Keam — cosponsor (person)
- R. Lee Ware — cosponsor (person)

## Timeline

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

- **2022-01-10** Prefiled and ordered printed; offered 01/12/22 22101568D `introduction`
- **2022-01-10** Referred to Committee on Finance `referral-committee`
- **2022-01-19** Assigned Finance sub: Subcommittee #1 `referral-committee`
- **2022-01-30** Impact statement from TAX (HB224)
- **2022-02-07** House subcommittee amendments and substitutes offered
- **2022-02-07** Subcommittee recommends reporting with amendments (9-Y 0-N)
- **2022-02-07** House committee, floor amendments and substitutes offered
- **2022-02-07** Reported from Finance with amendment(s) (21-Y 1-N) `committee-passage`
- **2022-02-09** Read first time `reading-1`
- **2022-02-10** Read second time `reading-2`
- **2022-02-10** Committee amendment agreed to
- **2022-02-10** Engrossed by House as amended HB224E
- **2022-02-10** Printed as engrossed 22101568D-E
- **2022-02-11** Read third time and passed House (94-Y 4-N) `passage, reading-3`
- **2022-02-11** VOTE: Passage (94-Y 4-N)
- **2022-02-14** Constitutional reading dispensed
- **2022-02-14** Referred to Committee on Finance and Appropriations `referral-committee`
- **2022-02-16** Impact statement from TAX (HB224E)
- **2022-03-01** Reported from Finance and Appropriations (14-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
- **2022-03-07** Impact statement from TAX (HB224ER)
- **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 416 (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/9d54a7d0-f724-42c3-adaa-814cf54b5e2e`. Confidence: reported (aggregated from official Virginia legislature records).