FORTY-THIRD LEGISLATURE
                        SECOND SESSION, 1998
  
  
                                                 February 5, 1998
  
  
  Mr. Speaker:
  
       Your BUSINESS AND INDUSTRY COMMITTEE, to whom has
  been referred
  
                        HOUSE BILL 347
  
  has had it under consideration and reports same with
  recommendation that it DO PASS, amended as follows:
  
       1.  On page 1, line 20, after the period strike the
  remainder of the line, strike all of lines 21 through 25 and
  on page 2, strike all of lines 1 through 4, and insert in lieu
  thereof the following new subsection:
  
            "B.  The amount of the rural job tax credit shall be
  six and one-fourth percent of the first sixteen thousand
  dollars ($16,000) in wages paid for the qualifying job in a
  qualifying period.  The rural job tax credit may be claimed
  for each qualifying job for a maximum of:
  
                 (1)  four qualifying periods for each
  qualifying job performed or based at a location in a tier one
  area; and
  
                 (2)  two qualifying periods for each qualifying
  job performed or based at a location in a tier two area.".
  
       2.  Reletter succeeding subsections accordingly.
  
       3.  On page 3, line 9, strike "approved for" and insert
  in lieu thereof "awarded".
  
       4.  On page 4, line 2, after "job" insert a colon and the
  subparagraph designation "(a)".
       5.  On page 4, line 3, strike "that" and insert in lieu
  thereof "who has been awarded".
  
       6.  On page 4, line 4, strike "(a) qualifies for".
  
       7.  On page 4, line 6, strike "is".
  
       8.  On page 5, line 2, strike "fifteen" and insert in
  lieu thereof "twenty".
  
       9.  On page 5, lines 7 through 17, strike Subsection C in
  its entirety.
  
       10.  Reletter succeeding subsections accordingly.,
  
  
  and thence referred to the TAXATION AND REVENUE
  COMMITTEE.
  
                                Respectfully submitted,
  
  
  
                                                                 
                                                              Fred Luna, Chairman
  
  
                                     Adopted                            Not Adopted                         
            (Chief Clerk)                      (Chief Clerk)
  
                        Date                
  
  The roll call vote was  7  For  0  Against
  Yes:      7
            Excused:  Alwin, Olguin, J.G. Taylor, Varela, Rodella
            Absent:   Getty
  
  
  .122935.1
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