FORTY-NINTH LEGISLATURE

FIRST SESSION, 2009

February 22, 2009

Mr. Speaker:

    Your BUSINESS AND INDUSTRY COMMITTEE, to whom has been referred

HOUSE BILL 430

has had it under consideration and reports same WITHOUT RECOMMENDATION, amended as follows:

     1. On page 2, between lines 17 and 18, insert the following subsection:

          "D. A taxpayer may claim the nonresident business employee tax credit only if the property tax paid on the taxpayer's primary residence has not been included in the taxpayer's itemized deductions, as defined in Section 63 of the Internal Revenue Code, for the taxable year.".

     2. Reletter the succeeding subsections accordingly.,

and thence referred to the TAXATION AND REVENUE COMMITTEE.