FIFTY-FOURTH LEGISLATURE

FIRST SESSION, 2019

February 21, 2019

Mr. Speaker:

    Your LABOR, VETERANS & MILITARY AFFAIRS COMMITTEE, to whom has been referred

HOUSE BILL 477

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

     1. On page 1, lines 18 and 19, strike the underscored language, strike lines 20 through 23 in their entirety and insert in lieu thereof:

          "A. An individual may claim an exemption in an amount equal to the greater of:

                (1) twenty-four thousand dollars ($24,000) of the individual's net income from the amount included in adjusted gross income pursuant to Section 86 of the Internal Revenue Code; or

                (2) the amount of exemption provided in Subsection B of this section.".

     2. On page 1, line 24, after the subsection designation "B.", strike the remainder of the line, on line 25, strike "but is" and insert in lieu thereof "An individual".

     3. On page 2, line 1, strike ", the individual".,

and thence referred to the TAXATION & REVENUE COMMITTEE.