FORTY-THIRD LEGISLATURE             SB 190/a
                         SECOND SESSION, 1998
  
  
                                                   February 14, 1998
  
  Mr. President:
  
      Your FINANCE COMMITTEE, to whom has been referred
  
                            SENATE BILL 190
  
  has had it under consideration and reports same WITHOUT
  RECOMMENDATION, amended as follows:
  
      1.  On page 1, line 20, after the period strike the remainder of
  the line, strike all of lines 21 through 25 and on page 2, strike all
  of lines 1 through 4, and insert in lieu thereof the following new
  subsection:
  
          "B.  The amount of the rural job tax credit shall be six and
  one-fourth percent of the first sixteen thousand dollars ($16,000) in
  wages paid for the qualifying job in a qualifying period.  The rural
  job tax credit may be claimed for each qualifying job for a maximum
  of:
  
               (1)  four qualifying periods for each qualifying job
  performed or based at a location in a tier one area; and
  
               (2)  two qualifying periods for each qualifying job
  performed or based at a location in a tier two area.".
  
      2.  Reletter succeeding subsections accordingly.
  
      3.  On page 3, line 9, strike "approved for" and insert in lieu
  thereof "awarded".
  
      4.  On page 4, line 2, after "means" insert a colon and the
  subparagraph designation "(a)".
  
      5.  On page 4, line 3, strike "that" and insert in lieu thereof
  "who has been awarded".
  
      6.  On page 4, line 4, strike "(a) qualifies for".
  
      7.  On page 4, line 6, strike "is".
  
      8.  On page 5, line 2, strike "fifteen" and insert in lieu
  thereof "twenty".
  
      9.  On page 5, lines 7 through 17, strike Subsection C in its
  entirety.
  
      10.  Reletter succeeding subsections accordingly.
  
  
  
  
                                   Respectfully submitted,
  
  
  
                                   _________________________________
                                   Ben D. Altamirano, Chairman 
  
  
  Adopted_______________________        Not Adopted______________________
            (Chief Clerk)                            (Chief Clerk)
  
  
                    Date ________________________
  
  
  The roll call vote was<u> 4 </u> For<u> 2 </u> Against
          Yes:    4
          No:     Aragon, Altamirano
  Excused: Campos, Carraro, Lyons, Romero, Smith
          Absent: None
  
  
  
S0190FC1                                               .123168.1/a