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2023 SESSION

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Senate Committee on Finance and Appropriations

Co-Chair: Janet D. Howell - Co-Chair: George L. Barker

Clerk: G. Conway, B. Khan, C. Dunn
Staff: Stephen Kinderman
Date of Meeting: January 25, 2023
Time and Place: 9:00 a.m. Shared Committee Room
https://virginia-senate.granicus.com/ViewPublisher.php?view_id=3

S.B. 788

Patron: Favola

Medical cannabis program; transition from Board of Pharmacy to Virginia Cannabis Control Authority. Transfers oversight and administration of the Commonwealth's medical cannabis program from the Board of Pharmacy to the Virginia Cannabis Control Authority.

A BILL to amend and reenact §§ 18.2-251.1:1, 18.2-251.1:2, 22.1-277, 32.1-127, 32.1-162.6:1, 40.1-27.4, 46.2-341.20:7, 54.1-2522.1, as it is currently effective and as it shall become effective, 54.1-2903, 54.1-3408.3, 59.1-200, and 63.2-1803.01 of the Code of Virginia; to amend the Code of Virginia by adding in Title 4.1 a chapter numbered 16, consisting of sections numbered 4.1-1600 through 4.1-1604; and to repeal Article 4.2 (§§ 54.1-3442.5 through 54.1-3442.8) of Chapter 34 of Title 54.1 of the Code of Virginia and the twenty-first enactment of Chapter 550 and the twenty-first enactment of Chapter 551 of the Acts of Assembly of 2021, Special Session I, relating to medical cannabis program; transition from Board of Pharmacy to Virginia Cannabis Control Authority.

23101667D

S.B. 796

Patron: Surovell

Corporate income tax returns; affiliated corporations. Removes the requirement that, in order for a group of affiliated corporations to be granted permission from the Tax Commissioner to change their filing status for corporate income tax purposes, for the previous tax year there would have been no decrease in tax liability computed under the proposed election as compared to the affiliated group's former filing method. The bill retains the current requirement that the affiliated group agree to file returns under both the new filing method and the former method and pay the greater of the two amounts for the taxable year in which the new election is effective and for the immediately succeeding taxable year.

A BILL to amend and reenact § 58.1-442 of the Code of Virginia, relating to corporate income tax returns; affiliated corporations.

23100722D

S.B. 813

Patron: Surovell

Virginia Freedom of Information Act; record exclusions; State Comptroller records. Provides that the exclusions of the Virginia Freedom of Information Act related to the internal controls of the State Comptroller do not authorize the withholding of the name of any officer, official, or employee of a public body as it appears on a purchase card statement or other payment record or the description of an individual purchase appearing on any such purchase card statement or payment record.

A BILL to amend and reenact § 2.2-3705.2 of the Code of Virginia, relating to Virginia Freedom of Information Act; records exclusions; State Comptroller records.

23100200D

S.B. 816

Patron: Stanley

Maximum number of judges in each judicial district. Increases from two to three the maximum number of authorized general district court judges in the Twenty-second Judicial District. This bill is a recommendation of the Committee on District Courts.

A BILL to amend and reenact § 16.1-69.6:1 of the Code of Virginia, relating to the maximum number of judges in each judicial district.

23102408D

S.B. 820

Patron: Favola

Virginia Opioid Use Reduction and Jail-Based Substance Use Disorder Treatment and Transition Fund; established. Establishes the Virginia Opioid Use Reduction and Jail-Based Substance Use Disorder Treatment and Transition Fund to be administered by the Department of Criminal Justice Services for the purpose of funding and supporting the planning and implementation of locally administered jail-based addiction recovery and substance use disorder treatment and transition programs in local and regional jails.

A BILL to amend the Code of Virginia by adding in Article 1 of Chapter 1 of Title 9.1 a section numbered 9.1-116.8, relating to Virginia Opioid Use Reduction and Jail-Based Substance Use Disorder Treatment and Transition Fund; established.

23101234D

S.B. 851

Patron: Suetterlein

Income tax; standard deduction. Increases the standard deduction, starting with taxable year 2023, from $8,000 to $12,500 for single filers and from $16,000 to $25,000 for married filers (one-half of such amount in the case of a married individual filing a separate return). The increase would remain in effect until taxable year 2026, when the standard deduction is scheduled to be reduced to $3,000 for single filers and to $6,000 for married filers.

A BILL to amend and reenact § 58.1-322.03, as it is currently effective and as it shall become effective, of the Code of Virginia and to repeal the eighth enactment of Chapter 2 of the Acts of Assembly of 2022, Special Session I, relating to income tax; standard deduction.

23102730D

S.B. 853

Patron: Newman

Southern Virginia Internet Crimes Against Children program; additional funding. Provides that in each fiscal year, at least $2.5 million shall be appropriated to the Southern Virginia Internet Crimes Against Children program for investigating and prosecuting Internet crimes against children. The bill provides that moneys that are disbursed from the Internet Crimes Against Children Fund to the Southern Virginia Internet Crimes Against Children program shall count toward this appropriation and if the moneys disbursed from the Internet Crimes Against Children Fund to the Southern Virginia Internet Crimes Against Children program total less than $2.5 million, the general fund shall disburse any additional moneys as necessary.

A BILL to provide additional funding for the Southern Virginia Internet Crimes Against Children program.

23101707D

S.B. 869

Patron: Cosgrove

Virginia Retirement System; retired law-enforcement officers employed as school security officers. Provides that if a retired law-enforcement officer was employed by a local school division as a school security officer on or after January 1, 2020, but before January 1, 2023, and had a bona fide break in service of at least one month between retirement and employment as a school security officer, such person is not required to establish the 12-month break in service that would otherwise be required by law.

A BILL to amend and reenact § 51.1-155 of the Code of Virginia, relating to Virginia Retirement System; retired law-enforcement officers employed as school resource officers.

23102093D

S.B. 887

Patron: Morrissey

State correctional facilities; use of isolated confinement. Prohibits the use of isolated confinement, as defined in the bill, in state correctional facilities, subject to certain exceptions.

A BILL to amend the Code of Virginia by adding a section numbered 53.1-39.2, relating to state correctional facilities; use of isolated confinement.

23102912D

S.B. 904

Patron: DeSteph

Workers' compensation; post-traumatic stress disorder, anxiety disorder, or depressive disorder; law-enforcement officers, public safety telecommunicators, and firefighters. Provides that an anxiety disorder or depressive disorder, as both are defined in the bill, incurred by a law-enforcement officer, public safety telecommunicator, or firefighter is compensable under the Virginia Workers' Compensation Act on the same basis as post-traumatic stress disorder. The bill adds correctional officers to the definition of law-enforcement officers for whom the workers' compensation presumption for post-traumatic stress disorder, anxiety disorder, or depressive disorder applies. The bill provides that a mental health professional must diagnose the covered individual as suffering from anxiety disorder or depressive disorder as a result of a qualifying event, defined in the bill as an incident or exposure occurring in the line of duty on or after July 1, 2023, and includes other conditions for compensability. The bill requires each employer of law-enforcement officers and public safety telecommunicators to provide resilience and self-care technique training beginning July 1, 2023. The bill also adds mental health professionals to certain provisions that currently apply to physicians and surgeons.

A BILL to amend and reenact §§ 65.2-101, 65.2-107, 65.2-603, 65.2-605, 65.2-606, and 65.2-607 of the Code of Virginia, relating to workers' compensation; post-traumatic stress disorder, anxiety disorder, or depressive disorder; law-enforcement officers, public safety telecommunicators, and firefighters.

23101042D

S.B. 906

Patron: Saslaw

Workers' compensation; presumption of compensability for certain cancers. Expands the workers' compensation presumption of compensability for certain cancers causing the death or disability of certain employees who have completed five years of service in their position to include melanoma, non-Hodgkin's lymphoma, and bladder and thyroid cancer. The presumption for these cancers does not apply for any individual diagnosed with such a condition before July 1, 2023.

A BILL to amend and reenact § 65.2-402 of the Code of Virginia, relating to workers' compensation; presumption of compensability for certain cancers.

23100602D

S.B. 919

Patron: Morrissey

Tobacco Indemnification and Community Revitalization Fund; Virginia Tobacco Region Revolving Fund; eligible localities; City of Petersburg. Adds the City of Petersburg to a group of localities that is eligible to receive funds from the Tobacco Indemnification and Community Revitalization Fund and the Virginia Tobacco Region Revolving Fund.

A BILL to amend and reenact § 3.2-3108 of the Code of Virginia, relating to Tobacco Indemnification and Community Revitalization Fund; Virginia Tobacco Region Revolving Fund; eligible localities; City of Petersburg.

23103155D

S.B. 922

Patron: Hashmi

Income tax subtraction; manufactured home park sale. Exempts income earned from the sale of a manufactured home park, as defined in relevant law, to either (i) an entity that is owned by at least 25 percent of the residents of such manufactured home park or (ii) an organization exempt from taxation under § 501(c)(3) of the Internal Revenue Code, provided that such sale terms require the guaranteed maintenance of the property as a manufactured home park for a period of at least 30 years following the sale.

A BILL to amend and reenact § 58.1-322.02, as it is currently effective and as it shall become effective, of the Code of Virginia, relating to income tax subtraction; manufactured home park sale.

23101649D

S.B. 924

Patron: DeSteph

Burial fees for military spouses. Provides that, from such funds as may be appropriated, the Commonwealth shall pay the burial fees for any spouse or surviving spouse of a member or veteran of the United States Armed Forces buried at a veterans cemetery operated by the Department of Veterans Services.

A BILL to amend the Code of Virginia by adding in Chapter 1 of Title 44 an article numbered 14, consisting of a section numbered 44-122.1, relating to burial fees for military spouses.

23103115D

S.B. 950

Patron: Petersen

Taxable income; Paycheck Protection Program loans. Allows an individual and corporate income tax deduction or subtraction, as applicable, for any amount of business expenses funded by forgiven Paycheck Protection Program (PPP) loan proceeds that are paid or incurred prior to taxable year 2023. Under current law, the allowable amount that may be deducted or subtracted is limited to $100,000 of business expenses funded by forgiven PPP loan proceeds paid or incurred prior to taxable year 2021.

A BILL to amend and reenact §§ 58.1-322.03, as it is currently effective and as it shall become effective, and 58.1-402 of the Code of Virginia, relating to taxable income; Paycheck Protection Program loans.

23102248D

S.B. 973

Patron: Peake

Civil commitment of sexually violent predators; penalty. Creates a Class 6 felony for any civilly committed sexually violent predator who tampers with or in any way attempts to circumvent the operation of his GPS equipment while on conditional release. The bill also eliminates the requirement that an expert witness be designated by the Commissioner of Behavioral Health and Developmental Services prior to being permitted to testify at a probable cause hearing.

A BILL to amend and reenact §§ 37.2-906 and 37.2-912 of the Code of Virginia, relating to civil commitment of sexually violent predators; penalty.

23101625D

S.B. 985

Patron: Peake

Virginia Retail Sales and Use Tax Act; agricultural exemptions; structural construction materials. Exempts from certain retail sales and use taxes structural construction materials that are an integral part of a commercial greenhouse structure and growing system, ordered to meet the specifications of an operator of such system, and intended to be affixed to or integrated into a commercial greenhouse structure that is at least 50,000 square feet in size. Current law specifies that structural construction materials to be affixed to real property owned or leased by a farmer, necessary for use in agricultural production for market, and sold to or purchased by a farmer or contractor are not exempt from such taxation.

A BILL to amend and reenact § 58.1-609.2 of the Code of Virginia, relating to Virginia Retail Sales and Use Tax Act; agricultural exemptions; structural construction materials.

23102700D

S.B. 992

Patron: Ruff

Tax on cigars. Modifies the statutory tax rate imposed on selling or distributing cigars by a distributor or remote retail seller by setting such rate at 10 percent of the manufacturer's sales price or $0.30 per cigar, whichever is less. Under current law, the effective rate is 20 percent of the manufacturer's sales price due to language in the Appropriation Act which doubles the statutory rate.

A BILL to amend and reenact §§ 58.1-1021.01 and 58.1-1021.02 of the Code of Virginia, relating to tax on cigars.

23102179D

S.B. 1038

Patron: McPike

Workers' compensation; presumption for arson and hazardous materials investigators. Expands the workers' compensation presumption of compensability for certain cancers causing the death or disability of certain employees who have completed five years of service in their position to include (i) arson investigators or bomb investigators employed by the Department of State Police and (ii) personnel employed by the Commonwealth or any of its agencies to collect, analyze, or handle hazardous materials, hazardous chemicals, radiological materials, biological agents, or drugs.

A BILL to amend and reenact § 65.2-402 of the Code of Virginia, relating to workers' compensation; presumption for arson and hazardous materials investigators.

23101991D

S.B. 1079

Patron: Cosgrove

Commonwealth Mass Transit Fund. Allocates 3.5 percent of the Commonwealth Mass Transit Fund (the Fund) to commuter rail systems jointly operated by transportation districts and excludes such commuter rail systems from receiving allocations pursuant to other distributions of the Fund. The bill requires such commuter rail systems to submit reports to the Commonwealth Transportation Board. The bill limits allocations by the Northern Virginia Transportation Commission (NVTC) for distribution to the Washington Metropolitan Area Transit Authority (WMATA) to 50 percent of the total operating and capital assistance required to be provided by NVTC or other Virginia entities in the approved WMATA budget and establishes reporting requirements for NVTC. The bill codifies requirements for WMATA to adopt and submit certain planning documents first required pursuant to the eighth enactment of Chapter 854 and the eighth enactment of Chapter 856 of the Acts of Assembly of 2018 and repeals the original requirements.

A BILL to amend and reenact § 33.2-1526.1 of the Code of Virginia and to repeal the eighth enactment of Chapter 854 and the eighth enactment of Chapter 856 of the Acts of Assembly of 2018, relating to the Commonwealth Mass Transit Fund.

23101351D

S.B. 1088

Patron: Ebbin

Workers' compensation; post-traumatic stress disorder incurred by dispatchers. Allows dispatchers, as defined in the bill, to claim workers' compensation benefits relating to post-traumatic stress disorder under the Virginia Workers' Compensation Act. Currently, only law-enforcement officers and firefighters may claim such benefits.

A BILL to amend and reenact § 65.2-107 of the Code of Virginia, relating to workers' compensation; post-traumatic stress disorder incurred by dispatchers.

23103951D

S.B. 1107

Patron: Cosgrove

Virginia Retirement System; law-enforcement officers; return to work. Reduces from 12 to two months the required break in service before a retired law-enforcement officer may return to work full time and continue to receive his pension under the Virginia Retirement System. The bill provides that such retired officer may be employed (i) as a fingerprint examiner or a forensic technician with a law-enforcement agency requiring specialized skills or (ii) in a local public school division as a school security officer.

A BILL to amend and reenact § 51.1-155 of the Code of Virginia, relating to service retirement allowance; law-enforcement officers; return to work.

23102085D

S.B. 1135

Patron: McDougle

Possession, purchase, or sale of catalytic converters; penalty. Makes it a Class 6 felony for any person to sell, offer for sale, or purchase a catalytic converter from a motor vehicle exhaust system that has been detached from a motor vehicle. The bill provides that a person who is in possession of a catalytic converter that has been removed from a motor vehicle is presumed to have criminally obtained such catalytic converter unless the person is an authorized agent or employee acting in the performance of his official duties for a motor vehicle dealer, motor vehicle garage or repair shop, or salvage yard that is licensed or registered by the Commonwealth or a person who possesses vehicle registration documentation indicating that the catalytic converter in the person's possession is the result of a replacement of a catalytic converter from a vehicle registered in that person's name.

A BILL to amend and reenact §§ 18.2-146, 59.1-136.1, and 59.1-136.3 of the Code of Virginia and to amend the Code of Virginia by adding a section numbered 18.2-146.1, relating to possession, purchase, and sale of catalytic converters; penalty.

23102054D

S.B. 1139

Patron: Boysko

Storage of firearms in a residence where a minor is present; penalty. Requires any person who possesses a firearm in a residence where such person knows or reasonably should know that a minor under 18 years of age is present to store such firearm unloaded in a locked container, compartment, or cabinet and to store all ammunition in a separate locked container, compartment, or cabinet. The bill requires that the key or combination to such locked containers, compartments, or cabinets be inaccessible to any minor. The bill provides that a violation is a Class 1 misdemeanor, and, in a case where there is more than one firearm stored in violation of these provisions, a violation for each firearm shall constitute a separate Class 1 misdemeanor. The bill exempts any person in lawful possession of a firearm who carries such firearm on or about his person, the storage of antique firearms, and the lawful authorization of a minor to access a firearm.

A BILL to amend the Code of Virginia by adding a section numbered 18.2-308.7:1, relating to storage of firearms in a residence where a minor is present; penalty.

23104008D

S.B. 1142

Patron: McPike

Sports betting; adjusted gross revenue. Gradually reduces the exclusion from a sports betting permit holder's adjusted gross revenue, on which it is taxed, all cash and the cash value of merchandise paid out as winnings to bettors, and the value of all bonuses or promotions provided to bettors as an incentive to place or as a result of their having placed Internet sports betting wagers, by limiting such exclusion from adjusted gross revenue to no more than 2.5 percent of the total amount of all sports betting wagers placed with that permit holder each month between July 1, 2023, and July 1, 2024; no more than 2.25 percent of the total amount of all sports betting wagers placed with that permit holder each month between July 1, 2024, and July 1, 2025; no more than two percent of the total amount of all sports betting wagers placed with that permit holder each month between July 1, 2025, and July 1, 2026; and no more than 1.75 percent of the total amount of all sports betting wagers placed with that permit holder each month on and after July 1, 2026. Under current law, pursuant to the 2022 Special Session I appropriation act, after the first 12 months of sports betting activity, a permit holder is prohibited from excluding from adjusted gross revenue any bonuses or promotions provided to bettors as an incentive to place or as a result of their having placed Internet sports betting wagers.

A BILL to amend and reenact § 58.1-4030 of the Code of Virginia, relating to sports betting; adjusted gross revenue.

23101704D

S.B. 1181

Patron: Ebbin

Sale, transfer, or purchase of unfinished frames or receivers and unserialized firearms; penalty. Creates a Class 1 misdemeanor, which is punishable as a Class 4 felony for a second or subsequent offense, for any person to knowingly sell, offer to sell, transfer, or purchase an unfinished frame or receiver, as defined in the bill, unless the party selling, offering to sell, transferring, or purchasing the unfinished frame or receiver is a federal firearms importer, manufacturer, or dealer or the unfinished frame or receiver is required by federal law to be, and has been, imprinted with a serial number by a federal firearms importer, manufacturer, or dealer.

A BILL to amend the Code of Virginia by adding a section numbered 18.2-308.5:2, relating to sale, transfer, or purchase of unfinished frames or receivers and unserialized firearms; penalty.

23104048D

S.B. 1192

Patron: Ebbin

Carrying assault firearms in public areas prohibited; penalty. Prohibits the carrying of certain semi-automatic center-fire rifles, pistols, and shotguns on any public street, road, alley, sidewalk, or public right-of-way or in any public park or any other place of whatever nature that is open to the public. Under current law, the current prohibition on carrying certain shotguns and semi-automatic center-fire rifles and pistols applies to a narrower range of firearms, only in certain localities, and only when such firearms are loaded.

A BILL to amend and reenact § 18.2-287.4 of the Code of Virginia, relating to carrying assault firearms in public areas prohibited; penalty.

23103857D

S.B. 1194

Patron: Reeves

Income tax; military benefits subtraction; age restriction. Removes the age 55 or older restriction on those individuals allowed a military benefits income tax subtraction beginning with taxable year 2023.

A BILL to amend and reenact § 58.1-322.02, as it is currently effective and as it shall become effective, of the Code of Virginia, relating to income tax subtraction; military benefits; age restriction.

23101024D

S.B. 1201

Patron: Reeves

Virginia Retirement System and State Police Officers' Retirement System; enhanced retirement benefits for 911 dispatchers. Adds 911 dispatchers to the list of local employees eligible to receive enhanced retirement benefits for hazardous duty service under the Virginia Retirement System. The bill also extends membership in the State Police Officers' Retirement System to 911 dispatchers who are employed by the Department of State Police. The bill has a delayed effective date of July 1, 2024.

A BILL to amend and reenact §§ 51.1-138, 51.1-201, 51.1-202, and 51.1-203 of the Code of Virginia, relating to Virginia Retirement System and State Police Officers' Retirement System; enhanced retirement benefits for 911 dispatchers.

23102321D

S.B. 1228

Patron: Obenshain

Line of Duty Act; campus police officers; contributing private institutions of higher education. Provides employees of contributing private institutions of higher education with the benefits granted to employees of participating employers under the Line of Duty Act. The bill defines "contributing private institutions of higher education" as private institutions of higher education that have established a campus police department and made an irrevocable election to provide the benefits under the Line of Duty Act and to fund the cost by participating in the Line of Duty Death and Health Benefits Trust Fund. The bill clarifies that the Line of Duty Act shall not apply to any private institution of higher education that is not a contributing private institution of higher education.

A BILL to amend and reenact §§ 9.1-400, 9.1-400.1, 9.1-401, 9.1-402, 9.1-402.1, 9.1-403, and 9.1-404, as it is currently effective and as it shall become effective, of the Code of Virginia, relating to Line of Duty Act; campus police officers; contributing private institutions of higher education.

23103835D

S.B. 1240

Patron: Obenshain

Sales and use tax; agricultural exemptions. Provides a sales and use tax exemption for property used to produce agricultural products for market in an indoor, closed, controlled-environment commercial agricultural facility. The property exempted includes (i) internal structural components required to create the necessary growing environment for plants, including watering systems, towers for growing plants, and lighting and air systems, and (ii) transparent elements of external structural components of such facilities, including windows, walls, and roofs, that allow sunlight in for the commercial production of agricultural products. The exemption shall not apply to property used in producing cannabis.

A BILL to amend and reenact §§ 58.1-609.2 and 58.1-610 of the Code of Virginia, relating to sales and use tax; agricultural exemptions.

23102416D

S.B. 1289

Patron: Deeds

Virginia Retirement System; school bus drivers; return to employment. Provides that if a retired school bus driver was employed by a local school division and had a bona fide break in service of at least three months between retirement and employment as a school bus driver in a local school division that identifies and experiences a critical shortage of school bus drivers reaching a vacancy rate that exceeds 20 percent, such person is not required to establish a 12-month break in service that would otherwise be required by law. The critical shortage and vacancy rate of school bus drivers in a local school division are subject to semi-annual reevaluation to determine whether a critical shortage continues to exist and whether the vacancy rate of school bus drivers in the local school division continues to exceed 20 percent. The bill requires an affected local school division to provide an annual report to the General Assembly identifying critical shortages, vacancy rates, and employment of school bus drivers, including those reemployed out of retirement, in the prior year. The bill also requires the Secretary of Education and Secretary of Transportation to convene a workgroup to identify specific strategies to address bus driver shortages across Virginia local school divisions.

A BILL to amend and reenact § 51.1-155 of the Code of Virginia, relating to Virginia Retirement System; school bus drivers; return to employment.

23100573D

S.B. 1335

Patron: Morrissey

Fiscal impact statements; formula for estimated appropriations. Establishes a formula for determining the estimated appropriations in a fiscal impact statement of any bill that adds a new felony for which imprisonment or commitment is authorized.

A BILL to amend and reenact § 30-19.1:4 of the Code of Virginia, relating to fiscal impact statements; formula for estimated appropriations.

23103106D

S.B. 1350

Patron: Ebbin

Tobacco products tax; liquid nicotine and nicotine vapor products; licensing. Imposes a tax upon liquid nicotine in closed systems, as defined in the bill, at the rate of $0.066 per milliliter and upon liquid nicotine in open systems, as defined in the bill, at the rate of 20 percent of the wholesale price. The bill also applies licensing requirements to manufacturers, distributors, and retail dealers of liquid nicotine, creates new safety requirements related to the advertising, marketing, and labeling of liquid nicotine and nicotine vapor products, and creates the Virginia Liquid Nicotine and Nicotine Vapor Products Compliance Fund to use tax revenues for enforcement of the new tax and licensing scheme on liquid nicotine and nicotine vapor products.

A BILL to amend and reenact §§ 58.1-1021.01, 58.1-1021.02, 58.1-1021.04:1, 58.1-1021.04:2, 58.1-1021.04:5, and 58.1-1021.05 of the Code of Virginia and to amend the Code of Virginia by adding in Article 2.1 of Chapter 10 of Title 58.1 sections numbered 58.1-1021.06 through 58.1-1021.010, relating to tobacco products tax; liquid nicotine.

23104245D

S.B. 1355

Patron: Newman

Income tax; business interest; qualified business income deduction; corporate rate reduction. Increases from 30 percent to 50 percent the Virginia individual and corporate income tax deduction for business interest disallowed as a deduction under § 163(j) of the Internal Revenue Code beginning in taxable year 2024. The bill allows an individual income tax deduction in an amount equal to 50 percent of certain federal qualified business income deductions, excluding qualified real estate investment trust dividends. The bill also reduces from six percent to five percent the corporate income tax rate beginning in taxable year 2023.

A BILL to amend and reenact §§ 58.1-322.03, as it is currently effective and as it shall become effective, 58.1-400, and 58.1-402 of the Code of Virginia, relating to income tax; business interest; qualified business income deduction; corporate rate reduction.

23104214D

S.B. 1369

Patron: Vogel

Virginia Retirement System; Judicial Retirement System; increased retirement allowance for judges, assistant attorneys for the Commonwealth, and public defenders. Increases, for the purposes of determining benefits provided under the hybrid retirement program, the retirement multiplier from one percent to 1.7 percent for assistant attorneys for the Commonwealth and public defenders appointed on or after July 1, 2023, who are participants in the hybrid retirement program. The bill also increases, for the purposes of determining benefits provided under the Judicial Retirement System, the retirement multiplier from one percent to 1.7 percent for judges appointed on or after July 1, 2023, who are participants in the hybrid retirement program and who are at least 55 years of age at the time of appointment.

A BILL to amend and reenact § 51.1-169 of the Code of Virginia, relating to Virginia Retirement System; Judicial Retirement System; increased retirement allowance for judges, assistant attorneys for the Commonwealth, and public defenders.

23101144D

S.B. 1382

Patron: Deeds

Purchase, possession, sale, transfer, etc., of assault firearms and certain ammunition feeding devices prohibited; penalty. Creates a Class 1 misdemeanor for any person who imports, sells, manufactures, purchases, possesses, transports, or transfers an assault firearm, as that term is defined in the bill, and prohibits a person who has been convicted of such violation from purchasing, possessing, or transporting a firearm for a period of three years from the date of conviction. The bill provides that an assault firearm does not include any firearm that is an antique firearm, has been rendered permanently inoperable, is manually operated by bolt, pump, lever, or slide action, or was manufactured before July 1, 2023. The bill also prohibits the sale of a large capacity ammunition feeding device, as that term is defined in the bill. The bill provides that any person who willfully and intentionally (i) sells an assault firearm to another person or (ii) purchases an assault firearm from another person is guilty of a Class 1 misdemeanor and that any person who imports, sells, barters, or transfers a large capacity ammunition feeding device is guilty of a Class 1 misdemeanor. The bill also makes it a Class 1 misdemeanor for any person younger than 21 years of age to import, sell, manufacture, purchase, possess, transport, or transfer an assault firearm regardless of the date of manufacture of such assault firearm.

A BILL to amend and reenact §§ 15.2-915.5, 18.2-308.09, 18.2-308.2:1, 18.2-308.2:2, 18.2-308.2:3, 18.2-308.2:5, and 19.2-386.28 of the Code of Virginia and to amend the Code of Virginia by adding sections numbered 18.2-287.4:1, 18.2-287.4:2, 18.2-308.1:9, and 18.2-309.1, relating to purchase, possession, sale, transfer, etc., of assault firearms and certain ammunition feeding devices prohibited; penalty.

23104134D

S.B. 1403

Patron: Barker

Income tax subtraction; professional firefighter pension. Establishes an income tax subtraction for up to $20,000 of firefighter benefits in taxable year 2023, up to $30,000 in taxable year 2024, and up to $40,000 in taxable year 2025 and each year thereafter. The bill defines firefighter benefits to include retirement income related to firefighting services and benefits paid to the surviving spouse of a firefighter whose death occurred in the line of duty.

A BILL to amend and reenact § 58.1-322.02, as it is currently effective and as it shall become effective, of the Code of Virginia, relating to income tax subtraction; professional firefighter pension.

23101880D

S.B. 1411

Patron: Norment

Virginia Retirement System; return to work for law-enforcement officers. Allows a retired law-enforcement officer to return to work full time as a law-enforcement officer and continue to receive his pension under the Virginia Retirement System (VRS). Such person shall be required to have a break in service of at least 12 calendar months before re-employment.

A BILL to amend and reenact § 51.1-155 of the Code of Virginia, relating to Virginia Retirement System; return to work for law-enforcement officers.

23103422D

S.B. 1423

Patron: Suetterlein

Income tax; rates and deductions for businesses. Provides an individual income tax deduction for 50 percent of the amount of qualified business income deductible for federal income tax purposes, but excluding the amount of qualified REIT dividends deductible under the same provision of the Internal Revenue Code. The bill also reduces the corporate income tax rate from six percent to five percent for taxable years beginning on or after January 1, 2023.

A BILL to amend and reenact §§ 58.1-322.03, as it is currently effective and as it may become effective, and 58.1-400 of the Code of Virginia, relating to income tax; rates and deductions for businesses.

23102705D

S.B. 1437

Patron: McDougle

Virginia Retirement System; investments; environmental, social, and governance investing restricted. Provides that unless the Board of Trustees of the Virginia Retirement System can demonstrate that a social investment, defined in the bill, would provide a superior rate of return compared to a similar investment that is not a social investment with a similar time horizon and risk, neither the Board nor any external fiduciary utilized by the Board may invest or make recommendations regarding state funds for the purpose of social investment on or after July 1, 2023.

A BILL to amend and reenact § 51.1-124.30 of the Code of Virginia, relating to Virginia Retirement System; investments; environmental, social, and governance investing restricted.

23103201D

S.B. 1445

Patron: Boysko

Virginia Retirement System; certain law-enforcement officers; part time. Provides that an employee of a political subdivision or of the Commonwealth who (i) is compensated on a salaried or hourly basis; (ii) works at least 20 hours per week; and (iii) is employed as a law-enforcement officer shall be considered a full-time employee for purposes of participation in the Virginia Retirement System.

A BILL to amend and reenact §§ 51.1-124.3 and 51.1-132 of the Code of Virginia, relating to Virginia Retirement System; certain law-enforcement; part-time.

23104112D

S.B. 1449

Patron: Obenshain

Judicial Retirement System; creditable service and contributions; extended absence. Provides that the entire amount of time a judge is on an extended absence for more than three months that is not due to a medical emergency, disability, or family emergency shall be subtracted from his years of creditable service toward retirement benefits and that no employer contributions shall be made at any time during such extended absence period.

A BILL to amend and reenact §§ 51.1-303 and 51.1-304 of the Code of Virginia, relating to Judicial Retirement System; creditable service and contributions; extended absence.

23104352D

S.B. 1451

Patron: Norment

Income tax; rates and deductions. Lowers the top income tax rate from 5.75 percent to 5.5 percent for taxable years beginning on and after January 1, 2024. The bill also raises the standard deduction to $9,000 for single individuals and $18,000 for married persons for taxable years beginning on and after January 1, 2024, but before January 1, 2026.

A BILL to amend and reenact §§ 58.1-320 and 58.1-322.03, as it is currently effective and as it shall become effective, of the Code of Virginia and to repeal the eighth enactment of Chapter 2 of the Acts of Assembly of 2022, Special Session I, relating to individual income tax; rates and deductions.

23103701D

S.B. 1462

Patron: Chase

Income tax; military benefits subtraction; age restriction. Removes the age 55 or older restriction on those individuals allowed a military benefits income tax subtraction beginning with taxable year 2023.

A BILL to amend and reenact § 58.1-322.02, as it is currently effective and as it shall become effective, of the Code of Virginia, relating to income tax subtraction; military benefits; age restriction.

23103614D

S.B. 1479

Patron: Lucas

Virginia Retirement System; return to work. Reduces from 12 to one the number of months for the required break in service for a teacher, bus driver or school administrator to return to work full time and continue to receive his pension under the Virginia Retirement System (VRS). The employer of such individual shall include his compensation in membership payroll for purposes of the employer contribution to VRS.

A BILL to amend and reenact § 51.1-155 of the Code of Virginia, relating to Virginia Retirement System; return to work.

23104499D