3rd Sub.
S.B.
27
INDIVIDUAL INCOME TAX AND CORPORATE FRANCHISE AND INCOME TAX CREDITS FOR MINING ESTABLISHMENTS
Senate Floor
Amendments
Amendment 1 February 1, 2001 10:20 am
Senator Howard Stephenson proposes the following amendments:
1. Page 1, Line 20: After " means " insert " the product of:
(i) "
2. Page 1, Line 23: Delete " (i) " and insert " (A) "
3. Page 1, Line 24: Delete " (ii) " and insert " (B) " and after " lease; " insert " and "
4. Page 1, Line 24: After line 24 insert:
" (ii) (A) 30% for the taxable year beginning on or after January 1, 2002, but beginning on or before December 31, 2002;
(B) 60% for the taxable year beginning on or after January 1, 2003, but beginning on or before December 31, 2003; and
(C) 100% for taxable years beginning on or after January 1, 2004; "
5. Page 2, Line 31: After " described in " delete " Sector 21, Mining " and insert " Subsector 212, Mining except Oil and Gas "
6. Page 2, Line 36: After " against the " delete " tax " and insert " taxes "
7. Page 2, Line 55: After " means " insert " the product of:
(i) "
8. Page 3, Line 58: Delete " (i) " and insert " (A) "
9. Page 3, Line 59: Delete " (ii) " and insert " (B) " and after " lease; " insert " and "
10. Page 3. Line 59: After line 59 insert:
" (ii) (A) 30% for the taxable year beginning on or after January 1, 2002, but beginning on or before December 31, 2002;
(B) 60% for the taxable year beginning on or after January 1, 2003, but beginning on or before December 31, 2003; and
(C) 100% for taxable years beginning on or after January 1, 2004; "
11. Page 3, Line 66: After " described in " delete " Sector 21, Mining " and insert " Subsector 212, Mining except Oil and Gas "
12. Page 3, Line 71: After " against the " delete " tax " and insert " taxes "