AMENDMENTS PROPOSED BY THE HOUSE OF DELEGATES

1. Page 2, engrossed, line 6, after of the

insert

increase in

2. Page 2, engrossed, line 7, after to the

strike

increased value

insert

difference

3. Page 2, engrossed, line 10, after § 58.1-3245.10.

insert

Such amounts paid into the fund shall not include any additional revenues resulting from an increase in the tax rate on real estate or machinery and tools after the adoption of a local enterprise zone development taxation ordinance, nor shall it include any additional revenues merely resulting from an increase in the assessed value of real estate or machinery and tools which were located in the zone prior to the adoption of a local enterprise zone development taxation ordinance unless such property is improved or enhanced.