FORTY-SEVENTH LEGISLATURESB 269/a

SECOND SESSION, 2006

February 11, 2006

Madam President:

    Your FINANCE COMMITTEE, to whom has been referred

SENATE BILL 269

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

    1. On page 2, line 5, strike "less applicable federal tax credits" and insert in lieu thereof:

"; provided that under no circumstances shall the federal and state tax credits allowed, when combined, total more than thirty percent of the purchase and installation cost of the system. To determine the amount of the state solar market development tax credit due pursuant to this section, the amount of the allowable federal tax credit, whether claimed or not claimed by the taxpayer, shall be deducted from thirty percent of the purchase and installation cost of the system".

                               Respectfully submitted,

                               __________________________________

                               Joseph A. Fidel, Chairman

Adopted_______________________ Not Adopted_______________________

          (Chief Clerk) (Chief Clerk)

                  Date ________________________

The roll call vote was 8 For 0 Against

Yes:     8

No:      0

Excused: Rawson, Rodriguez

Absent:  None

SB0269FC1                                                  .161905.1