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        January 24, 2001



Mr. President:

    The Revenue and Taxation Committee reports a favorable recommendation on S.B. 34, INDIVIDUAL INCOME TAX RELIEF FOR LOW-INCOME INDIVIDUALS AND RELATED STATE TAX COMMISSION AMENDMENTS, by Senator L. Hillyard, with the following amendments:
1.    Page 5, Line 151:    After "(ii)" delete "state income tax percentage" and insert "tax imposed under Section 59-10-104"

2.    Page 6, Line 152:    After "(2)" insert "(a)"

3.    Page 6, Line 154:    After "individual" bracket "in accordance with the" and after "[schedules]" delete "tables"

4.    Page 6, Line 155:    At the beginning of Line 155 delete "provided for" and then bracket "in Section 59-10-104"

5.    Page 6, Line 158:    After Line 158 insert:
        "(b) The tax under this section shall be calculated by multiplying the nonresident individual's state taxable income by the nonresident individual's state income tax percentage."


        Respectfully,



        Curtis S. Bramble
        Committee Chair



Voting: 4-0-3
3 SB0034.SC1.wpd bhowe/BRH RLR/BRH 1/24/01 9:11 am

Bill Number
Action Class
Action Code

*SB0034*
*S*
*SCRAMD*

SB0034
S
SCRAMD