Page 505, after line 1, insert:

"A.1. There is hereby appropriated a sum sufficient estimated at $517,960,000 the first year and $434,410,000 the second year generated as a result of the individual income tax provisions of the federal Tax Cuts and Jobs Act, P.L. 115-97 (2018), that expire before January 1, 2026.  These funds shall be transferred to a special nonreverting fund to be known as the Taxpayer Relief Fund.

2. No later than August 1, 2019, the Department of Taxation shall submit a plan to be considered by the General Assembly during any special or regular session beginning prior to January 8, 2020, to appropriate and refund such revenues attributable to the taxable year beginning on January 1, 2018, to affected taxpayers that experienced an increase in Virginia taxes as an indirect result of the provisions of the federal Tax Cuts and Jobs Act.  Of the totals listed in paragraph A.1. of this item, $374,580,000 in fiscal year 2019 is estimated as attributable to taxable year 2018.

3.  If Special Session I, 2018, of the General Assembly and the 2019 Session of the General Assembly fail to enact legislation providing relief to taxpayers that experienced an increase in Virginia taxes as an indirect result of the provisions of the Tax Cuts and Jobs Act for taxable years beginning on and after January 1, 2019, or such legislation is not signed by the Governor, any additional revenues generated as a result of the individual income tax provisions of the Tax Cuts and Jobs Act that expire before January 1, 2026, in an amount estimated at $143,380,000 in fiscal year 2019 and $434,410,000 in fiscal year 2020, shall be appropriated to refund such revenues to affected taxpayers that experienced an increase in Virginia taxes as an indirect result of the provisions of the federal Tax Cuts and Jobs in taxable years 2019 and 2020.

4.  If Special Session I, 2018, of the General Assembly or the 2019 Session of the General Assembly to enact legislation providing relief to taxpayers that experienced an increase in Virginia taxes as an indirect result of the provisions of the Tax Cuts and Jobs Act for taxable years beginning on and after January 1, 2019, that is signed by the Governor, any revenues above amounts returned to Virginians pursuant to such legislation in fiscal year 2019 and fiscal year 2020 shall be transferred to the Revenue Reserve Fund established pursuant to § 2.2-1831.2, Code of Virginia, and set out in Item 266 of this act.

B. There is hereby appropriated a sum sufficient estimated at $76,900,000 the first year and $177,500,000 the second year generated as a result of the permanent provisions of the federal Tax Cuts and Jobs Act which shall be transferred to the Revenue Reserve Fund established pursuant to § 2.2-1831.2, Code of Virginia, and set out in Item 266 of this act."