February 23, 1998



Mr. Speaker:

    The Revenue and Taxation Committee reports a favorable recommendation on S.B. 47, RESEARCH TAX CREDIT, by Senator H. Nielson, et al, with the following amendments:
1.    Page 2, Line 19:    After "defined" delete "and calculated" and after "41(e)(7)" delete "(A)"

2.    Page 4, Line 25:    After "defined" delete "and calculated" and after "41(e)(7)" delete "(A)"


        Respectfully,



        Raymond W. Short
        Committee Chair



Voting: 11-0-4
3 SB0047.HC1 pmackay/BRH RLR/BRH 9:56 AM