FIFTIETH LEGISLATUREHB 10/a
SECOND SESSION, 2012
February 15, 2012
Mr. President:
Your FINANCE COMMITTEE, to whom has been referred
HOUSE TAXATION AND REVENUE COMMITTEE SUBSTITUTE FOR HOUSE BILLS 10 & 154
has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:
1. On page 6, between lines 11 and 12, insert the following new subsections:
"G. The department shall compile an annual report for the revenue stabilization and tax policy committee and the legislative finance committee that sets forth the number of taxpayers approved to receive the veteran employment tax credit, the aggregate amount of credits approved and the average and median amounts of credits approved. The department shall advise those committees in 2015 whether the veteran employment tax credit is performing the purpose for which it was enacted.
H. Acceptance of the veteran employment tax credit is authorization to the department to reveal the amount of the tax credit claimed by the taxpayer and other information from the taxpayer's tax reports as needed to report fully as required by this section to the revenue stabilization and tax policy committee and the legislative finance committee.".
2. Reletter the succeeding subsection accordingly.
___________________________________
John Arthur Smith, Chairman
Adopted_______________________ Not Adopted_______________________
(Chief Clerk) (Chief Clerk)
Date ________________________
The roll call vote was 11 For 0 Against
Yes: 11
No: 0
Excused: None
Absent: None
HB0010FC1.wpd .189823.1