FORTY-SECOND LEGISLATURE             SB 395/a
                       SECOND SESSION, 1996
  
  
                                                  February 9, 1996
  
  Mr. President:
  
    Your WAYS AND MEANS COMMITTEE, to whom has been referred
  
                          SENATE BILL 395
  
  has had it under consideration and reports same with recommendation
  that it DO PASS, amended as follows:
  
    1.  On page 2, line 12, strike the comma and the remainder of
  the line, strike lines 13 through 16 and insert in lieu thereof a
  semicolon.
  
    2.  On page 2, line 22, after "others" insert ", but does not
  include such incapacity resulting from a short-term injury or
  illness".
  
    3.  On page 3, line 17, strike "a modified" and insert in lieu
  thereof "an adjusted".
  
    4.  On page 3, strike likes 22 through 25 and on page 4, strike
  lines 1 through 8 and insert in lieu thereof:
  
        "(1)  if the taxpayer qualifies for the credit by
  providing care for a qualifying dependent in the taxpayer's home for
  one-half or more of the taxable year, an amount equal to eight
  dollars ($8.00) for each day of care provided, not to exceed six
  hundred dollars ($600) for each qualifying dependent or a total of
  one thousand two hundred dollars ($1,200) for all qualifying
  dependents for the taxable year;
  
        (2)  if the taxpayer qualifies for the credit by
  providing care for a qualifying dependent in the taxpayer's home for
  less than one-half of the taxable year, an amount equal to eight
  dollars ($8.00) for each day of care provided, not to exceed three
  hundred dollars ($300) for each qualifying dependent or a total of
  six hundred dollars ($600) for all qualifying dependents for the
    taxable year; or".    5.  Renumber succeeding paragraphs accordingly.
  
    6.  On page 5, line 18, strike "modified" and insert in lieu
  thereof "adjusted".,   
  
  and thence referred to the FINANCE COMMITTEE. 
        
                 Respectfully submitted,
  
  
  
                 __________________________________
                 TITO D. CHAVEZ, Chairman 
  
  
  
  Adopted_______________________ Not Adopted_______________________
            (Chief Clerk)                          (Chief Clerk)
  
  
                    Date ________________________
  
  
  The roll call vote was  3  For  2  Against
  Yes:  3
  No:     Chavez, Weiner
  Excused:   Rawson, Riley, Rhodes
  Absent: None
  
  
  
  
  
  S0395WM1                                             .111764.1/a