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duce the capital tax from 30 cents/$100 to 5 cents/$100 and to amend the Constitution to wipe out this tax. I believe that as industry tries to modernize and become more efficient, they must have the benefits of the accelerated depreciation rules.
In 1982, the benefits were first delayed with the started goal of being allowed to come into effect in and after 1984. We should keep to that schedule.
During the session, my legislative office at 27 S. Royal Avenue, Front Royal 22630, will remain open Monday-Friday, 9-4. Citizens concerned about certain issues may also write me at Room 720, General Assembly Building, State Capitol, Richmond, Virginia 23219, or phone 804-7867395.
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