S.B. 78
         TAXATION OF FOOD

Senate Floor Amendments

Amendment 1 February 19, 2001 1:59 pm



Senator Waddoups proposes the following amendments:

1.    Page 1, Line 6:    Delete " two-year" and insert " three-year"

2.    Page 1, Line 7:    Delete " two-year" and insert " three-year" and after " from" delete " the state"

3.    Page 1, Line 8:    Delete " tax." and insert " taxes. This act requires the Legislature to make appropriations from the General Fund for a three-year period to replace Uniform School Fund revenues expended to provide for the tax credits."

4.    Page 1, Line 23:    Delete "$25" and insert "$20"

5.    Page 2, Line 28:    Delete "and"

6.    Page 2, Line 31:    Delete "$50" and insert "$40"

7.    Page 2, Line 36:    Delete the period and insert "; and" and after Line 36 insert:
        "(c) for the taxable year beginning on or after January 1, 2004, but beginning on or before December 31, 2004, a credit equal to the product of:
        (i) $60; and
        (ii) the number of personal exemptions the individual is allowed for that taxable year under Section 151, Internal Revenue Code, for:
        (A) the individual;
        (B) the individual's spouse; and
        (C) the individual's dependents."

8.    Page 2, Line 41:    Delete "and" and insert a comma and after "2003-04" insert ", and fiscal year 2004-05"

9.    Page 2, Line 58:    Delete "2003" and insert "2004"

10.    Page 3, Line 62:    Delete "2004" and insert "2005"

11.    Page 10, Line 303:    Delete " State sales" and insert " Sales"

12.    Page 12, Line 365
    Senate Committee Amendments
    2-16-2001:    Delete "2004" and insert "2005"