Amendment No. 373

 

Senate Amendment to Senate Bill No. 473                                                                       (BDR 32‑1241)

Proposed by: Committee on Taxation

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. 4, page 9, line 2, after “leased.” by inserting:

In the case of machinery or equipment that is leased, the lessee is the taxpayer who is eligible for an abatement.”.

     Amend sec. 5, page 10, by deleting lines 21 through 27 and inserting:

     “Sec. 9.  1.  This section and sections 1, 2 and 4 to 8, inclusive, of this act become effective on July 1, 2001.

     2.  Sections 2 and 5 of this act expire by limitation on June 30, [2005.] 2009.

     3.  Section 3 of this act becomes effective on July 1, [2005.] 2009.”.

     Amend the bill as a whole by deleting sec. 6 and renumbering sections 7 and 8 as sections 6 and 7.

     Amend sec. 8, page 10, by deleting line 33 and inserting:

     “Sec. 7.  1.  This act becomes effective on July 1, 2003.

     2.  Sections 2 and 4 of this act expire by limitation on June 30, 2009.”.

     Amend the bill as a whole by deleting the text of the repealed section.

     Amend the title of the bill, third line, by deleting “repealing” and inserting “extending”.