FIFTY-SECOND LEGISLATURESB 316/a
FIRST SESSION, 2015
March 12, 2015
Mr. President:
Your FINANCE COMMITTEE, to whom has been referred
SENATE BILL 316, as amended
has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:
1. Strike all Senate Corporations and Transportation Committee amendments.
2. On page 1, line 22, strike "amount" and insert in lieu thereof "following percentages".
3. On page 1, line 24, after "year", insert a colon and:
"(1) for a taxable year beginning on or after January 1, 2017 and prior to January 1, 2018, twenty-five percent, not to exceed twelve thousand five hundred dollars ($12,500);
(2) for a taxable year beginning on or after January 1, 2018 and prior to January 1, 2019, fifty percent, not to exceed twenty-five thousand dollars ($25,000);
(3) for a taxable year beginning on or after January 1, 2019 and prior to January 1, 2020, seventy-five percent, not to exceed thirty-seven thousand five hundred dollars ($37,500); and
(4) for taxable years beginning on or after January 1, 2020, one hundred percent,".
4. On page 3, line 7, strike "2015" and insert in lieu thereof "2017".
___________________________________
John Arthur Smith, Chairman
Adopted_______________________ Not Adopted_______________________
(Chief Clerk) (Chief Clerk)
Date ________________________
The roll call vote was 10 For 0 Against
Yes: 10
No: 0
Excused: None
Absent: None
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