FIFTIETH LEGISLATURESB 108/a

FIRST SESSION, 2011

March 3, 2011

Mr. President:

    Your FINANCE COMMITTEE, to whom has been referred

SENATE CORPORATIONS AND TRANSPORTATION COMMITTEE

SUBSTITUTE FOR SENATE BILL 108

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

    1. On page 5, line 12, strike "sales price" and insert in lieu thereof "market value".

    2. On page 6, line 1, strike "sales price" and insert in lieu thereof "market value".

    3. On page 6, line 5, strike "the".

    4. On page 6, line 6, strike "transfer" and insert in lieu thereof "first year for which the property was valued".

                               Respectfully submitted,

                               ___________________________________

                               John Arthur Smith, Chairman

Adopted_______________________ Not Adopted_______________________

          (Chief Clerk) (Chief Clerk)

                  Date ________________________

The roll call vote was 8 For 1 Against

Yes:     8

No:      Morales

Excused: Adair, Leavell

Absent:  None

SB0108FC1.wpd                                              .185795.2