Governor's Tax Package (language only)

Item 5-0 #1h

Language
Page 480, after line 1, insert:
"2. That §§ 58.1-302, 5
8.1-391, 58.1-392, 58.1-402, and 58.1-441 of the Code of Virginia are amended and reenacted, that the Code of Virginia is amended by adding sections numbered 58.1-390.1, 58.1-390.2,
by adding in Article 9 of Chapter 3 of Title 58.1 sections numbered 58.1-393.1, 58.1-394.1, 58.1-394.2, and 58.1-395, as follows:"
Page 480, strike line 2 through line 25.
Page 482, strike line 25 through line 44.
Page 483, strike line 1 through line 46.
Page 484, strike line 1 through line 49.
Page 485, strike line 1 through line 53.
Page 486, strike line 1 through line 52.
Page 487, strike line 1 through line 39.
Page 491, strike line 18 through line 26.
Page 491, strike line 41 through line 52.
Page 492, strike line 1 through line 51.
Page 493, strike line 1 through line 54.
Page 494, strike line 1 through line 57.
Page 495, strike line 1 through line 59.
Page 496, strike line 1 through line 46.
Page 497, strike line 1 through line 54.
Page 498, strike line 1 through line 54.
Page 499, strike line 1 through line 53.
Page 500, strike line 1 through line 53.
Page 501, strike line 1 through line 15.
Page 501, strike line 16, and insert:
"5.  That §§ 58.1-390 and 58.1-394 of the Code of Virginia are repealed."

Explanation
(This amendment removes Part 5 of the budget, which contains the Governor's tax package, with the exception of two corporate loopholes -- the Delaware holding company and pass through entity income.)