HB971 - Commonwealth's taxation system; conformity with the Internal Revenue Code, Rebuild Va. grants, etc.
Last Name:Robert MelvinOrganization:Virginia Restaurant, Lodging & Travel AssociationLocality:Richmond
On behalf of the Virginia Restaurant, Lodging & Travel Association we would like to share with you our strong support for HB971. At the height of COVID-19, the Paycheck Protection Program helped ensure that restaurants, hotels, and other hospitality businesses didn't permanently close their doors and kept employees on payroll. Allowing for an increased deduction limit for PPP loans and expenses will provide relief to these businesses that have struggled for almost 24 months now as a result of COVID-19. Omicron has only added to these challenges. 69% of restaurants say business conditions are worse now than they were three months ago. Only 5% say business conditions have improved during the last three months. This is on top of the cumulative effects of nearly 2 years of pandemic induced challenges. 56% of operators say their restaurant accumulated additional debt since the beginning of the COVID-19 outbreak in March 2020. 47% of operators say their restaurant fell behind on expenses since the beginning of the COVID-19 outbreak in March 2020. 79% of operators say their restaurant is less profitable now than it was before the beginning of the COVID-19 outbreak in March 2020. For these reasons, we strongly urge you to support HB971.
Last Name:DurkinOrganization:Roanoke Regional Chamber of CommerceLocality:Roanoke
The Roanoke Regional Chamber supports HB 971. This bill will allow thousands of additional businesses to obtain tax forgiveness for PPP loans as they continue to navigate recovery in the pandemic. Please support these businesses by voting "yes" on HB 971. Thank you for your consideration.
Last Name:JenkinsOrganization:Virginia Loggers Association`Locality:GOOCHLAND
Virginia Loggers Association supports HB 971 to help our businesses engaged in forest products and harvesting industry.
Last Name:ConnorsOrganization:Virginia Forestry AssociationLocality:Richmond, VA
The Virginia Forestry Association supports both HB971 and HB1003, which will provide much needed tax relief for the Commonwealth’s third largest industry. Many small forestry, logging, and forest products businesses utilized PPP loans to sustain their operations during a time of great uncertainty. These bills will provide critical relief that is consistent with the original intent and spirit of the PPP loan program.
Last Name:Laurie AldrichOrganization:Virginia Wineries AssociationLocality:Richmond City
We support.
Last Name:BennettOrganization:Virginia Motorcoach AssociationLocality:Henrico
The Virginia Motorcoach Association supports House Bill 971 to provide much needed tax relief for the Commonwealth’s motorcoach industry, which has been one of the hardest hit during the pandemic. Passage of HB 971 will help Virginia’s motorcoach industry receive the tax relief Congress intended and help it recover and survive to serve Virginia’s recovering tourism industry and passenger transportation needs.
Last Name:BennettOrganization:Virginia Trucking AssociationLocality:Henrico
The Virginia Trucking Association supports House Bill 971 to provide much needed tax relief for the trucking companies and fleets that continued to serve the Commonwealth throughout the COVID-19 pandemic providing critical transportation of the essential goods, including vaccines, test kits and medical supplies, to sustain the population and our economy.
Last Name:StanleyOrganization:Virginia Agribusiness CouncilLocality:Bedford
We support
Last Name:MedfordOrganization:Northern Virginia Chamber of CommerceLocality:Tysons
On behalf of the Northern Virginia Chamber's almost 700 members we would like to thank Chair Byron for these bills which would provide much needed tax relief for Virginia businesses. The PPP loan program was a lifeline for businesses of all types and sizes during the height of the COVID-19 related closures. Providing this tax relief, as Congress intended, would show the General Assembly supports the economic recovery of the hardest hit industries and is committed to keeping Virginia a top state in which to do business. Thank you,
Clayton Medford
VP, Government Relations
Northern Virginia Chamber of Commerce
HB971 - Commonwealth's taxation system; conformity with the Internal Revenue Code, Rebuild Va. grants, etc.
On behalf of the Virginia Restaurant, Lodging & Travel Association we would like to share with you our strong support for HB971. At the height of COVID-19, the Paycheck Protection Program helped ensure that restaurants, hotels, and other hospitality businesses didn't permanently close their doors and kept employees on payroll. Allowing for an increased deduction limit for PPP loans and expenses will provide relief to these businesses that have struggled for almost 24 months now as a result of COVID-19. Omicron has only added to these challenges. 69% of restaurants say business conditions are worse now than they were three months ago. Only 5% say business conditions have improved during the last three months. This is on top of the cumulative effects of nearly 2 years of pandemic induced challenges. 56% of operators say their restaurant accumulated additional debt since the beginning of the COVID-19 outbreak in March 2020. 47% of operators say their restaurant fell behind on expenses since the beginning of the COVID-19 outbreak in March 2020. 79% of operators say their restaurant is less profitable now than it was before the beginning of the COVID-19 outbreak in March 2020. For these reasons, we strongly urge you to support HB971.
The Roanoke Regional Chamber supports HB 971. This bill will allow thousands of additional businesses to obtain tax forgiveness for PPP loans as they continue to navigate recovery in the pandemic. Please support these businesses by voting "yes" on HB 971. Thank you for your consideration.
Virginia Loggers Association supports HB 971 to help our businesses engaged in forest products and harvesting industry.
The Virginia Forestry Association supports both HB971 and HB1003, which will provide much needed tax relief for the Commonwealth’s third largest industry. Many small forestry, logging, and forest products businesses utilized PPP loans to sustain their operations during a time of great uncertainty. These bills will provide critical relief that is consistent with the original intent and spirit of the PPP loan program.
We support.
The Virginia Motorcoach Association supports House Bill 971 to provide much needed tax relief for the Commonwealth’s motorcoach industry, which has been one of the hardest hit during the pandemic. Passage of HB 971 will help Virginia’s motorcoach industry receive the tax relief Congress intended and help it recover and survive to serve Virginia’s recovering tourism industry and passenger transportation needs.
The Virginia Trucking Association supports House Bill 971 to provide much needed tax relief for the trucking companies and fleets that continued to serve the Commonwealth throughout the COVID-19 pandemic providing critical transportation of the essential goods, including vaccines, test kits and medical supplies, to sustain the population and our economy.
We support
On behalf of the Northern Virginia Chamber's almost 700 members we would like to thank Chair Byron for these bills which would provide much needed tax relief for Virginia businesses. The PPP loan program was a lifeline for businesses of all types and sizes during the height of the COVID-19 related closures. Providing this tax relief, as Congress intended, would show the General Assembly supports the economic recovery of the hardest hit industries and is committed to keeping Virginia a top state in which to do business. Thank you, Clayton Medford VP, Government Relations Northern Virginia Chamber of Commerce