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        February 20, 2001



Mr. Speaker:

    The Education Committee reports a favorable recommendation on H.B. 138, INDIVIDUAL INCOME TAX AND CORPORATE FRANCHISE AND INCOME TAX CREDITS FOR QUALIFYING EDUCATION EXPENSES, by Representative J. Swallow, with the following amendments:

1.    Page 3, Line 66:    Delete "$2,100" and insert "$1,500"

2.    Page 3, Line 78:    After Line 78 insert:
        "(7) A taxpayer may not claim a tax credit under this section on behalf of a qualifying student if a tax credit is claimed on behalf of the qualifying student under Section 59-10-133."

3.    Page 3, Line 79:    Delete "(7)" and insert "(8)"

4.    Page 5, Line 133:    Delete "$2,100" and insert "$1,500"

5.    Page 5, Line 145:    After Line 145 insert:
        "(7) A taxpayer may not claim a tax credit under this section on behalf of a qualifying student if a tax credit is claimed on behalf of the qualifying student under Section 59-7-614."

6.    Page 5, Line 146:    Delete "(7)" and insert "(8)"


    Respectfully,



    Margaret Dayton
    Committee Chair

Voting: 7-6-0
3 HB0138.HC1.wpd 2/20/01 7:46 pm snewton/JWL RLR/BRH

Bill Number
Action Class
Action Code

*HB0138*
*H*
*HCRAMD*

HB0138
H
HCRAMD