FORTY-NINTH LEGISLATURE

SECOND SESSION, 2010

February 6, 2010

Mr. Speaker:

    Your TAXATION AND REVENUE COMMITTEE, to whom has been referred

HOUSE BILL 29, as amended

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

     1. On page 1, line 12, after "CREDIT" insert "FROM 2010" and strike "2014" and insert in lieu thereof "2015".

     2. On page 1, line 24, strike "2014" and insert in lieu thereof "2015".

     3. On page 2, line 2, strike ", compensating taxes".

     4. On page 2, line 9, after "2005" insert "or July 1, 2009 through June 30, 2010".

     5. On page 2, line 13, after "1978" insert a period and "The time period between July 1, 2009 through June 30, 2010 shall be excluded from a determination of consecutive calendar months".

     6. On page 3, between lines 11 and 12 insert the following new section:

     "Section 3. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2010.".