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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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