Amendment No. 625

Assembly Amendment to Assembly Bill No. 555 (BDR 57-1348)

Proposed by: Committee on Commerce and Labor

Amendment Box:

Resolves Conflicts with: N/A

Amends: Summary: Title: Preamble: Joint Sponsorship:

ASSEMBLY ACTION Initial and Date | SENATE ACTION Initial and Date

Adopted Lost | Adopted Lost

Concurred In Not | Concurred In Not

Receded Not | Receded Not

Amend sec. 2, page 2, by deleting lines 1 and 2 and inserting:

"less than the value of the money or property transferred and a deduction as a charitable contribution is allowable for purposes".

Amend sec. 2, page 2, between lines 18 and 19, by inserting:

"The term does not include an annuity for which any person is paid compensation that is contingent upon the issuance of the annuity or based upon the value of the annuity other than a payment for reinsurance to an insurer licensed to issue insurance in this state.".