H2150B3338A09885     JKL:SRA  04/04/12     #90        A09885

  

  

  

  

AMENDMENTS TO HOUSE BILL NO. 2150

Printer's No. 3338

  

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Amend Bill, page 1, line 11, by striking out "and,"

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Amend Bill, page 1, line 12, by inserting after "tax"

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; and providing for a power of the Department of Revenue

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Amend Bill, page 13, lines 14 through 23, by striking out all

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of said lines and inserting

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January 1, 2015, and each

taxable year thereafter, the

tax rate is 8.5% unless

corporate net income tax

collections in the previous

fiscal year were greater than

the corporate net income tax

collections in the second

most recent fiscal year. If

corporate net income tax

collections increase, the

department may decrease the

rate in an amount equal to

the increase in corporate net

income taxes collected,

unless otherwise provided by

the General Assembly. The

Secretary of the Budget shall

certify total corporate net

income taxes collected and an

increase or decrease in the

amount collected.

  

  

  

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