FIFTY-FIRST LEGISLATURESB 246/a
SECOND SESSION, 2014
February 12, 2014
Mr. President:
Your CORPORATIONS AND TRANSPORTATION COMMITTEE, to whom has been referred
SENATE BILL 246
has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:
1. On page 2, between lines 5 and 6, insert the following new subsections:
"B. A taxpayer allowed a deduction pursuant to this section shall report the amount of the deduction separately in a manner required by the department.
C. The department shall compile an annual report on the deduction provided by this section that shall include the number of taxpayers that claimed the deduction, the aggregate amount of deductions claimed and any other information necessary to evaluate the effectiveness of the deduction. Beginning in 2019 and every five years thereafter that the deduction is in effect, the department shall compile and present the annual reports to the revenue stabilization and tax policy committee and the legislative finance committee with an analysis of the cost and benefit to the state of the deduction.".
2. Reletter the succeeding subsection accordingly.,
and thence referred to the FINANCE COMMITTEE.
___________________________________
SENATOR PHIL A. GRIEGO, CHAIRMAN
Adopted_______________________ Not Adopted_______________________
(Chief Clerk) (Chief Clerk)
Date ________________________
The roll call vote was 8 For 0 Against
Yes: 8
No: 0
Excused: Padilla, Rue
Absent: None
SB0246CT1.wpd .196501.1