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HB1202

Conformity with the Internal Revenue Code; cannabis licensees.

Status:
Killed

Chief Patron:
Jeff Campbell (R)

Session:
2022 Regular Session

Summary

As Introduced. Conformity with the Internal Revenue Code; cannabis licensees.

Deconforms from federal law, as it applies to Virginia medical and recreational cannabis licensees, the prohibition on a deduction or credit for any amount paid or incurred during the taxable year in carrying on any trade or business if such trade or business consists of trafficking in a controlled substance prohibited by federal law. (Less)

  • Bill History

  • 01/18/2022 - House: Presented and ordered printed 22104011D
  • 01/18/2022 - House: Referred to Committee on Finance
  • 02/06/2022 - House: Impact statement from TAX (HB1202)
  • 02/07/2022 - House: House committee, floor amendments and substitutes offered
  • 02/07/2022 - House: Reported from Finance with amendment(s) (21-Y 1-N)
  • 02/07/2022 - House: Referred to Committee on Appropriations
  • 02/15/2022 - House: Left in Appropriations

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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