AMENDMENT(S) PROPOSED BY THE HOUSE OF DELEGATES

FINANCE

1. Line 34, engrossed, after of the

strike

portion paid

insert

additional license tax assessed

FINANCE

2. Line 35, engrossed, after assessed.

strike

the remainder of line 35, all of lines 36 and 37, and through amount on line 38

insert

If a person, firm, or corporation that is subject to an estimated license tax under this subsection is found to continue to operate the business, for which it gave notice of the cessation of operations, during the year for which it is subject to the estimated license tax, the person, firm, or corporation shall be required to pay the full amount of the license tax due based on the previous year's gross receipts plus a penalty of 10 percent of this amount, provided that the 10 percent penalty for an unreasonable estimate of gross receipts shall not be assessed