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favored, was Delegate Joannou’s bill which would have considerably reduced State Income Taxes for folks whose incomes were under $50,000. I understand he has a similar bill coming up at a later date. There are other tax relief bills coming, surely one of them will make it, I hope.
Passed by the Finance Committee was a bill to reduce by six cents a gallon the tax on gasohol beginning on July 1. 1981 and expiring on July 1, 1983. It is hoped that it would encourage more production of gasohol in Virginia as the tax relief only applies to gasohol made in Virginia. If it is successful and reduces the use of gasoline in the State it will be extended. This bill has to pass the House and then the Semite before being signed by tfie Governor.
I have introduced a study resolution known as HJR 324, which requests the Speaker to appoint a study committee with the Senate concurring, to conduct a
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