AMENDMENT(S) PROPOSED BY THE HOUSE

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1. Line 4, Title, after tax

strike

; Middlesex County’s share

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2. Line 68, introduced, after 2003,

strike

the remainder of line 68 and all of lines 69 through thereunder on line 72

insert

any locality that failed to comply with the requirements of this subsection by December 31, 2000, regarding the local license tax, shall receive the revenues generated on or after January 1, 2003, by the local consumption tax component paid under subsection A by the citizens of such locality. Such locality shall be entitled to the maximum amount as if the locality had imposed the license tax, in accordance with the provisions of § 58.1-3731 at the maximum rate allowed, provided that the governing body of such locality adopts an ordinance electing to receive such amounts

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3. Line 77, introduced

insert

2. That no locality by virtue of this act shall be entitled to receive payment for any tax revenue collected prior to January 1, 2003.