AMENDMENT PROPOSED BY THE SENATE COMMITTEE ON FINANCE

1. Page 1, introduced, line 25, at the beginning of the line

strike

all of lines 25 and 26

insert

2. That the provisions of this Act are 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 occur 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 where none of the events listed in Subsection C of § 58.1-3524 have occurred during the immediately preceding calendar year.