The Virginia General Assembly is moving forward with legislation that would effectively make employers who received Paycheck Protection Plan (PPP) loans liable for state taxes. Bills that would practically exempt all income from the forgiven loans have been replaced with legislation that caps how much of the loan is exempt. Business advocates warn that the taxes could surprise the struggling businesses that the PPP loans were meant to help.
The bills bring Virginia’s tax code into conformity with the IRS; Virginia’s tax law doesn’t automatically change to match federal law, so state legislators pass tax conformity bills.
A bill to help Virginia speed up its mass vaccination effort by expanding who is allowed to inoculate citizens and where those injections can occur is being pushed by a bipartisan group of state Senators.
Flanked by various medical professionals, Senators Chap Petersen (D-Fairfax City), Todd Pillion (R-Washington), Jennifer Kiggans (R-Virginia Beach), George Barker (D-Fairfax) and Siobhan Dunnavant (R-Henrico) held a news conference to discuss Senate Bill 1445 in Richmond on Thursday.
The Virginia General Assembly 2021 regular session began on Wednesday in Richmond with a relatively standard yet important first meeting of the Democratic-controlled state Senate.
Just as it was during last year’s special session, the Senate and its 39 members met in-person in a socially distanced space at the Science Museum of Virginia while the House of Delegates convened virtually.