republic-os/legislation/us/states/va/2022/sb-94.md

---
type: "Bill"
title: "Commonwealth's taxation system; conformity with the Internal Revenue Code, Rebuild Va. grants, etc."
description: "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."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2022"
identifier: "SB 94"
citation: "Virginia SB 94 (2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Janet D. Howell"]
version_count: 4
action_count: 32
vote_count: 6
first_action: "2022-01-05"
last_action: "2022-03-09"
source: "openstates"
source_identifier: "ocd-bill/b997feba-4615-4241-b1c3-fe66fb3def24"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+SB94"
source_hash: "1790000fb64df2e53707f094894d3d14343dfd999a1a9e0ced4ee366786b9499"
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 SB 94 (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. **CHAP0019** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+CHAP0019)
2. **Committee substitute printed 22105824D-S1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+SB94S1)
3. **Prefiled and ordered printed with emergency clause; offered 01/12/22 22102998D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+SB94)
4. **SB94ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+SB94ER)

## Votes

- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
- VOTE: Block Vote Passage (99-Y 0-N) — **98–0** (pass) · lower
- Read third time and passed Senate (40-Y 0-N) — **40–0** (pass) · upper
- Reported from Finance and Appropriations with substitute (16-Y 0-N) — **16–0** (pass) · upper
- Reported from Finance (22-Y 0-N) — **22–0** (pass) · lower
- Reported from Appropriations (21-Y 0-N) — **21–0** (pass) · lower

## Sponsors

- Janet D. Howell — primary (person)
- George L. Barker — cosponsor (person)
- Stephen D. Newman — cosponsor (person)

## Timeline

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

- **2022-01-05** Prefiled and ordered printed with emergency clause; offered 01/12/22 22102998D `introduction`
- **2022-01-05** Referred to Committee on Finance and Appropriations `referral-committee`
- **2022-01-23** Impact statement from TAX (SB94)
- **2022-02-02** Senate committee, floor amendments and substitutes offered
- **2022-02-02** Reported from Finance and Appropriations with substitute (16-Y 0-N) `committee-passage`
- **2022-02-02** Committee substitute printed 22105824D-S1 `substitution`
- **2022-02-02** Incorporates SB583 (Newman)
- **2022-02-02** Incorporates SB603 (Barker)
- **2022-02-03** Constitutional reading dispensed (40-Y 0-N)
- **2022-02-04** Read second time `reading-2`
- **2022-02-04** Reading of substitute waived
- **2022-02-04** Committee substitute agreed to 22105824D-S1
- **2022-02-04** Engrossed by Senate - committee substitute SB94S1
- **2022-02-07** Read third time and passed Senate (40-Y 0-N) `passage, reading-3`
- **2022-02-17** Placed on Calendar
- **2022-02-17** Read first time `reading-1`
- **2022-02-17** Referred to Committee on Finance `referral-committee`
- **2022-02-17** Impact statement from TAX (SB94S1)
- **2022-02-21** Reported from Finance (22-Y 0-N) `committee-passage`
- **2022-02-21** Referred to Committee on Appropriations `referral-committee`
- **2022-02-23** Reported from Appropriations (21-Y 0-N) `committee-passage`
- **2022-02-25** Read second time `reading-2`
- **2022-02-28** Read third time `reading-3`
- **2022-02-28** Passed House BLOCK VOTE (99-Y 0-N) `passage`
- **2022-02-28** VOTE: Block Vote Passage (99-Y 0-N)
- **2022-03-01** Enrolled
- **2022-03-01** Signed by President
- **2022-03-01** Signed by Speaker
- **2022-03-02** Enrolled Bill Communicated to Governor on March 2, 2022
- **2022-03-02** Governor's Action Deadline 11:59 p.m., March 9, 2022
- **2022-03-03** Impact statement from TAX (SB94ER)
- **2022-03-09** Approved by Governor-Chapter 19 (effective 3/9/22) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b997feba-4615-4241-b1c3-fe66fb3def24`. Confidence: reported (aggregated from official Virginia legislature records).