FIFTY-FOURTH LEGISLATURESB 300/a

FIRST SESSION, 2019

March 9, 2019

Mr. President:

    Your FINANCE COMMITTEE, to whom has been referred

SENATE BILL 300

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

    1. On page 1, strike lines 19 through 25 in their entirety and on page 2, strike lines 1 through 5 in their entirety and insert in lieu thereof the following:

         "A. As long as the exemption amount pursuant to Section 151 of the Internal Revenue Code means zero, a taxpayer who is not a dependent of another individual and files a return as a head of household or married filing jointly may claim a deduction from net income in an amount equal to the product of four thousand dollars ($4,000) multiplied by the difference between the number of dependents claimed on the taxpayer's return and one.".

    2. Reletter the succeeding subsections accordingly.

 

                               Respectfully submitted,

                               ___________________________________

                               John Arthur Smith, Chairman

Adopted_______________________ Not Adopted_______________________

          (Chief Clerk) (Chief Clerk)

                  Date ________________________

The roll call vote was 10 For 0 Against

Yes:     10

No:      0

Excused: Burt, Muñoz

Absent:  None

SB0300FC1.wpd                                              .214407.1