AMENDMENTS PROPOSED BY THE HOUSE COMMITTEE ON FINANCE

1. Page 1, introduced, line 18, after preservation

insert

and sustainability

2. Page 1, introduced, line 40, after agricultural

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and forestal

3. Page 1, introduced, line 47, after exceed

strike

$100,000

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$50,000 in fiscal year 2000, $75,000 in fiscal year 2001, and $100,000 in fiscal year 2002 and thereafter

4. Page 1, introduced, line 48, after individual

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, fiduciary

5. Page 2, introduced, line 14, after project.

strike

the remainder of line 14 and all of lines 15 through 18

6. Page 2, introduced, line 25, after beneficiary

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or as set forth in the agreement of said entity

7. Page 2, introduced, after line 26

insert

2. That the provisions of this act shall be effective for taxable years beginning on and after January 1, 2000, unless one or more of the events listed in subsection C of § 58.1-3524 has occurred prior to such date. If any one of these events occurs before January 1, 2000, this act shall not become effective for taxable years beginning on and after January 1, 2000, but shall instead become effective for taxable years beginning on and after January 1 of the first year thereafter when none of the events listed in subsection C of § 58.1-3524 have occurred during the immediately preceding calendar year.