Over the weekend, the General Assembly approved legislation to allow businesses across the commonwealth to deduct up to $100,000 of forgiven Paycheck Protection Program loans from their state taxes. While that will certainly come as welcome news for businesses that received PPP money in the state, it could deepen the inequities already faced by Virginia’s Black-owned businesses. Businesses across the country struggled in the wake of the COVID-19 pandemic’s onset and the resulting lockdowns, forcing the federal government to step in, guaranteeing loans to help companies cover expenses such as payroll. In Virginia, the federal government backed nearly 130,000 loans, doling out over $14 billion dollars in the state.