JOINT CONFERENCE COMMITTEE REPORT

We, the conferees, appointed by the respective bodies to consider and report upon the disagreeing vote on Senate Bill No. 235, report as follows:

We recommend that the House Amendment in the Nature of a Substitute (20108591D) be accepted with the following amendments to resolve the matter under disagreement:

1. Line 230, engrossed, after proprietor,

insert

as the sole shareholder in a corporation, or as the sole member of a limited liability company;

2. Line 231, engrossed, after income

strike

, [the comma]

insert

; [a semicolon]

3. Line 232, engrossed, after Service

strike

Form 1040, Schedule C or F,

insert

form

4. Line 386, engrossed

strike

all of lines 386 through 389

Respectfully submitted,

Senator George L. Barker

Senator David W. Marsden

Senator Stephen D. Newman

Conferees on the part of the Senate

Delegate Chris L. Hurst

Delegate Elizabeth R. Guzman

Delegate Terry G. Kilgore

Conferees on the part of the House