Virginia House of Delegates Passes Bill Rewriting Virginia Law Addressing Mandatory Reporting of Offenses Committed on School Property

RICHMOND, Virginia – The House of Delegates passed a bill significantly rewriting a section of Virginia law that handles crimes committed on school property and how officials report those offenses to law enforcement and parents. On Tuesday, eight Democrats crossed the aisle to help pass the bill, 59 to 40.

Read More

Youngkin $300 Tax Refund Bill Advances in House Finance Subcommittee

A House of Delegates Finance subcommittee advanced a bill to provide a $300 income tax refund for individuals and $600 for married persons for the 2021 tax year, a key promise from Governor Glenn Youngkin’s Day One Game Plan.

“Virginia has seen a steady increase in its tax revenues, and it’s far exceeding the forecasted growth, largely due to an increase in non-withholding taxes and a standard deduction below the federal level. Virginians have overpaid on their taxes as evidenced by the state’s surplus, and should have some of their money repaid. The aid given to Virginia from the federal government to facilitate the Commonwealth’s response to the COVID-19 pandemic resulted in Virginia ending its 2021 fiscal year with a surplus of over $2.6 billion,” HB 935 sponsor Delegate Roxann Robinson (R-Chesterfield) said in the Monday subcommittee meeting.

Read More

PPP Loan Tax Exemption Bills Go into Conference in Virginia General Assembly

The General Assembly has so far failed to find middle ground for tax breaks on forgiven Paycheck Protection Plan (PPP) loans, and will now form a committee of three senators and three delegates to reconcile differences between the two chambers.

While a Senate bill calls for a $100,000 cap on income deductions claimed under PPP expenditures, the House of Delegates bill calls for only a $25,000 cap. When the two chambers considered each other’s bills, the House modified SB 1146 to a $25,000 cap, while the Senate amended HB 1935 to a $100,000 cap. After passing the modified versions, both chambers then rejected the modified versions of their original bills. On Friday, the two chambers agreed to form a conference committee to work together to create a bill that can pass both chambers.

Read More