S0004B0347A01943 AJB:EAZ 06/04/13 #90 A01943

 

 

 

 

AMENDMENTS TO SENATE BILL NO. 4

Sponsor: REPRESENTATIVE STURLA

Printer's No. 347

 

1Amend Bill, page 1, line 17, by striking out the period after
2"section" and inserting

3 , provided that such standards and qualifications shall require 
4any and all State tax revenue generated by an institution that 
5qualifies as a purely public charity, including the personal 
6income tax paid by employees, be deposited into a fund in the 
7State Treasury and reallocated on an annual basis to the 
8municipal corporation in which the purely public charity is 
9located. If a purely public charity is located in more than one 
10municipal corporation, the revenue shall be prorated based on 
11land area.

 

See A01943 in
the context
of SB0004