FORTY-NINTH LEGISLATURESB 430/a

FIRST SESSION, 2009

February 20, 2009

Madam President:

    Your PUBLIC AFFAIRS COMMITTEE, to whom has been referred

SENATE BILL 430

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

    1. On page 2, between lines 17 and 18, insert the following subsection:

         "D. A taxpayer may claim the nonresident business employee tax credit only if the property tax paid on the taxpayer's primary residence has not been included in the taxpayer's itemized deductions, as defined in Section 63 of the Internal Revenue Code, for the taxable year.".

    2. Reletter the succeeding subsections accordingly.,

and thence referred to the CORPORATIONS AND TRANSPORTATION COMMITTEE.

                               Respectfully submitted,

                               __________________________________

                               Dede Feldman, Chairman

Adopted_______________________ Not Adopted_______________________

          (Chief Clerk) (Chief Clerk)

                  Date ________________________

The roll call vote was 3 For 2 Against

Yes:      3

No:       Griego, E., Nava

Excused: Asbill, Boitano, Feldman, Munoz

Absent:   None

SB0430PA1                                                  .177507.1