Language Page 421, after line 14, insert:§ 3-5.05 LIMIT THE QUALIFIED EQUITY AND SUBORDINATED DEBT INVESTMENTS TAX CREDITNotwithstanding any other provision of law, for taxable years beginning on or after January 1, 2001, but before January 1, 2003, the amount of the Qualified Equity and Subordinated Debt Investments Tax Credit available under § 58.1-339.4 of the Code of Virginia shall be limited to $4,000,000 for a calendar year.”
Explanation(This amendment limits the amount of the Qualified Equity and Subordinated Debt Investments Tax Credit to $4 million each year. A companion amendment increases general fund revenue by $1.0 million each year.)