FIFTY-FIRST LEGISLATURE

FIRST SESSION, 2013

March 2, 2013

Mr. Speaker:

    Your BUSINESS AND INDUSTRY COMMITTEE, to whom has been referred

HOUSE BILL 583

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

     1. On page 1, line 20, strike "2014" and insert in lieu thereof "2013".

     2. On page 2, lines 3 through 8, strike Subsection C in its entirety and insert in lieu thereof the following new subsection:

          "C. A taxpayer may claim the long-term care insurance tax credit in the taxable year in which the taxpayer pays premiums for a long-term care insurance policy. The taxpayer shall claim the credit within one year following the end of the calendar year in which the taxpayer paid premiums for a long-term care insurance policy.".

     3. On page 4, line 21, strike "2014" and insert in lieu thereof "2013".

     4. On page 4, lines 22 and 23, strike Section 3 in its entirety.,

and thence referred to the TAXATION AND REVENUE COMMITTEE.