republic-os/legislation/us/states/va/2022/hb-971.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	Commonwealth's taxation system; conformity with the Internal Revenue Code, Rebuild Va. grants, etc.	Conformity of the Commonwealth's taxation system with the Internal Revenue Code; Rebuild Virginia grants and Paycheck Protection Program loans; emergency. Advances Virginia's date of conformity with the Internal Revenue Code from December 31, 2020, to December 31, 2021. The bill also deconforms from provisions of the (i) 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 and (ii) federal American Rescue Plan Act related to restaurant revitalization grants and emergency injury disaster loans received for taxable years beginning before January 1, 2021. The bill also retroactively allows up to $100,000 of the individual and corporate income tax deduction or subtraction, as applicable, for Rebuild Virginia grants and certain amounts related to Paycheck Protection Program loans to certain fiscal filers. The bill also allows full deductibility of expenses paid or incurred with forgiven Paycheck Protection Program loan proceeds and expenses paid or incurred with Economic Injury Disaster Loan program funding for taxable year 2021 and thereafter. The bill contains an emergency clause.	us/states/va	Virginia General Assembly	2022	HB 971	Virginia HB 971 (2022)	bill		enacted	Kathy J. Byron	4	32	7	2022-01-12	2022-02-23	openstates	ocd-bill/4cb112b3-1e17-42fc-9276-3566b0133631	https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB971	81efc627b165df19c9336a768ef9ebc02b33a40e10af927d737a950b5b6daa67	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-va

Virginia HB 971 (2022) — Commonwealth's taxation system; conformity with the Internal Revenue Code, Rebuild Va. grants, etc.

Conformity of the Commonwealth's taxation system with the Internal Revenue Code; Rebuild Virginia grants and Paycheck Protection Program loans; emergency. Advances Virginia's date of conformity with the Internal Revenue Code from December 31, 2020, to December 31, 2021. The bill also deconforms from provisions of the (i) 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 and (ii) federal American Rescue Plan Act related to restaurant revitalization grants and emergency injury disaster loans received for taxable years beginning before January 1, 2021. The bill also retroactively allows up to $100,000 of the individual and corporate income tax deduction or subtraction, as applicable, for Rebuild Virginia grants and certain amounts related to Paycheck Protection Program loans to certain fiscal filers. The bill also allows full deductibility of expenses paid or incurred with forgiven Paycheck Protection Program loan proceeds and expenses paid or incurred with Economic Injury Disaster Loan program funding for taxable year 2021 and thereafter. The bill contains an emergency clause.

Version chain

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

1. CHAP0003 (committee substitute) — source
2. Committee substitute printed 22105507D-H1 (committee substitute) — source
3. HB971ER (committee substitute) — source
4. Prefiled and ordered printed with emergency clause; offered 01/12/22 22103771D (committee substitute) — source

Votes

• Reported from Finance with amendment(s) (11-Y 10-N) — 11–10 (pass) · lower
• Reported from Finance and Appropriations (16-Y 0-N) — 16–0 (pass) · upper
• Reported from Finance with amendment(s) (12-Y 10-N) — 12–10 (pass) · lower
• Constitutional reading dispensed (39-Y 0-N) — 39–0 (pass) · upper
• VOTE: Passage Emergency (100-Y 0-N) — 99–0 (pass) · lower
• Reported from Appropriations with substitute (22-Y 0-N) — 22–0 (pass) · lower
• Passed Senate (40-Y 0-N) — 40–0 (pass) · upper

Sponsors

• Kathy J. Byron — primary (person)
• A.C. Cordoza — cosponsor (person)
• Anne Ferrell Tata — cosponsor (person)
• Bill D. Wiley — cosponsor (person)
• Chris S. Runion — cosponsor (person)
• Dave A. LaRock — cosponsor (person)
• Emily M. Brewer — cosponsor (person)
• H. Otto Wachsmann, Jr. — cosponsor (person)
• Hyland F. "Buddy" Fowler, Jr. — cosponsor (person)
• James A. "Jay" Leftwich — cosponsor (person)
• James E. Edmunds, II — cosponsor (person)
• Jason S. Ballard — cosponsor (person)
• Kim A. Taylor — cosponsor (person)
• M. Keith Hodges — cosponsor (person)
• Michael J. Webert — cosponsor (person)
• Mike A. Cherry — cosponsor (person)
• Nicholas J. Freitas — cosponsor (person)
• Phillip A. Scott — cosponsor (person)
• Robert S. Bloxom, Jr. — cosponsor (person)
• Ronnie R. Campbell — cosponsor (person)
• Roxann L. Robinson — cosponsor (person)
• Scott A. Wyatt — cosponsor (person)
• Wendell S. Walker — cosponsor (person)
• William C. Wampler III — cosponsor (person)
• Wren M. Williams — cosponsor (person)

Timeline

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

• 2022-01-12 Prefiled and ordered printed with emergency clause; offered 01/12/22 22103771D introduction
• 2022-01-12 Referred to Committee on Finance referral-committee
• 2022-01-23 Impact statement from TAX (HB971)
• 2022-01-26 House committee, floor amendments and substitutes offered
• 2022-01-26 Reported from Finance with amendment(s) (12-Y 10-N) committee-passage
• 2022-01-27 Reconsidered by Finance
• 2022-01-27 Reported from Finance with amendment(s) (11-Y 10-N) committee-passage
• 2022-01-27 Referred to Committee on Appropriations referral-committee
• 2022-01-31 House committee, floor amendments and substitutes offered
• 2022-01-31 Reported from Appropriations with substitute (22-Y 0-N) committee-passage
• 2022-01-31 Committee substitute printed 22105507D-H1 substitution
• 2022-02-02 Read first time reading-1
• 2022-02-03 Read second time reading-2
• 2022-02-03 Committee on Finance amendments rejected
• 2022-02-03 Committee on Appropriations substitute agreed to 22105507D-H1
• 2022-02-03 Engrossed by House - committee substitute HB971H1
• 2022-02-04 Read third time and passed House (100-Y 0-N) passage, reading-3
• 2022-02-04 VOTE: Passage Emergency (100-Y 0-N)
• 2022-02-07 Constitutional reading dispensed
• 2022-02-07 Referred to Committee on Finance and Appropriations referral-committee
• 2022-02-14 Impact statement from TAX (HB971H1)
• 2022-02-15 Reported from Finance and Appropriations (16-Y 0-N) committee-passage
• 2022-02-16 Constitutional reading dispensed (39-Y 0-N)
• 2022-02-17 Read third time reading-3
• 2022-02-17 Passed Senate (40-Y 0-N) passage
• 2022-02-18 Enrolled
• 2022-02-18 Impact statement from TAX (HB971ER)
• 2022-02-18 Signed by Speaker
• 2022-02-18 Signed by President
• 2022-02-21 Enrolled Bill communicated to Governor on February 21, 2022
• 2022-02-21 Governor's Action Deadline 11:59 p.m., February 28, 2022
• 2022-02-23 Approved by Governor-Chapter 3 (effective 2/23/22) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/4cb112b3-1e17-42fc-9276-3566b0133631. Confidence: reported (aggregated from official Virginia legislature records).