1st Sub.
H.B.
96
CLEANER BURNING FUELS TAX CREDITS AMENDMENTS
House Floor
Amendments
Amendment 3 February 28, 2013 8:33 AM
Representative Jack R. Draxler
proposes the following amendments:
1. Page
1, Lines 14 through 15
House Committee Amendments
2-25-2013
:
14
. extends corporate and individual income tax credits for cleaner burning fuels until
15
the end of taxable year
{
2018
}
2019
; H. [and]
2. Page
5, Lines 121 through 124
:
121
(2) For taxable years beginning on or after January 1, [2009]
{
2013
}
2014
, but beginning on or
122
before December 31, [2013]
{
2018
}
2019
, a taxpayer may claim a tax credit against tax otherwise
due
123
under this chapter or Chapter 8, Gross Receipts Tax on Certain Corporations Not Required to
124
Pay Corporate Franchise or Income Tax Act, in an amount equal to:
3. Page
6, Lines 161 through 163
House Committee Amendments
2-25-2013
:
161
(b) [in] for the taxable year in which [the]
{
, or the next taxable year after which,
}
an item
162
[is purchased for which the tax credit is claimed] described in Subsection (2)(a) or (b) is
163
purchased or conversion equipment described in Subsection (2)(c) or (d) is installed; and
4. Page
9, Lines 262 through 264
:
262
(2) For taxable years beginning on or after January 1, [2009]
{
2013
}
2014
, but beginning on or
263
before December 31, [2013]
{
2018
}
2019
, a claimant, estate, or trust may claim a nonrefundable tax
264
credit against tax otherwise due under this chapter in an amount equal to:
5. Page
10, Lines 300 through 302
:
300
(b) [in] for the taxable year in which [the]
{
, or the next taxable year after which,
}
an item
301
[is purchased for which the tax credit is claimed] described in Subsection (2)(a) or (b) is
302
purchased or conversion equipment described in Subsection (2)(c) or (d) is installed; and
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rrockwell
rrockwell
U 02/27/13 5:40p