FIFTIETH LEGISLATURE

SECOND SESSION, 2012

February 13, 2012

Mr. Speaker:

    Your JUDICIARY COMMITTEE, to whom has been referred

HOUSE BILL 57

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

     1. On page 2, between lines 3 and 4, insert the following new paragraph:

                "(2) "commercial personal property" means tangible personal property that when purchased is classified for depreciation purposes as three-year property, five-year property, seven-year property, ten-year property or fifteen-year property pursuant to Section 168 of the federal Internal Revenue Code of 1986 or, if the Internal Revenue Code is amended to rename or replace these depreciation classes, would have been classified for depreciation purposes as three-year property, five-year property, seven-year property, ten-year property or fifteen-year property but for the amendment;".

     2. Renumber the succeeding paragraphs accordingly.

     3. On page 6, line 15, strike "(3)" and insert in lieu thereof "(4)".

     4. On page 7, line 16, strike "(5)" and insert in lieu thereof "(6)".

     5. On page 8, line 12, strike "and".

     6. On page 8, line 20, strike the period and insert in lieu thereof "; and".

     7. On page 8, between lines 20 and 21, insert:

                 "(11) "solar panel installation" means a utility-scale photovoltaic solar power generation system that generates five megawatts of electrical power or greater.".

                             Respectfully submitted,

Al Park, Chairman

Adopted     Not Adopted

           (Chief Clerk)                            (Chief Clerk)

Date

The roll call vote was 11 For 0 Against

Yes:      11

No:       0

Excused:  Cervantes, Egolf, Maestas, O'Neill

Absent:   None

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