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.