1st Sub.
S.B.
23
LIFE SCIENCE AND TECHNOLOGY TAX CREDIT AMENDMENTS
House Committee
Amendments
Amendment 2 February 29, 2012 7:20 AM
Representative Patrick Painter proposes the following amendments:
1. Page 2, Lines 44 through 46 :
44 (f) "Qualifying agreement" means an agreement under Subsection 63M-1-2908 that
45 includes a provision for an eligible business entity to make new capital expenditures of at least
46
{
$750 million
}
$1 billion
in the state.
2. Page 12, Line 361 through Page 13, Line 367 :
361 (c) for the seven taxable years immediately following the last of the two taxable years
362 described in Subsection (1)(b) if:
363 (i) the agreement with the office described in Section 63M-1-2908 includes a provision
364 that the tax credit applicant will make new capital expenditures of at least
{
$750 million
}
$1 billion
in the
365 state; and
366 (ii) the tax credit applicant makes new capital expenditures of at least
{
$750 million
}
$1
billion
in
367 the state in accordance with the agreement with the office described in Section 63M-1-2908 .
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