FIFTY-SECOND LEGISLATURESB 316/a

FIRST SESSION, 2015

February 12, 2015

Mr. President:

    Your CORPORATIONS AND TRANSPORTATION COMMITTEE, to whom has been referred

SENATE BILL 316

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

    1. On page 1, line 22, strike "amount" and insert in lieu thereof "following percentages".

    2. On page 1, line 24, after "year", insert a colon and:

             "(1) for a taxable year beginning on or after January 1, 2015 and prior to January 1, 2016, twenty-five percent, not to exceed twelve thousand five hundred dollars ($12,500);

             (2) for a taxable year beginning on or after January 1, 2016 and prior to January 1, 2017, fifty percent, not to exceed twenty-five thousand dollars ($25,000);

             (3) for a taxable year beginning on or after January 1, 2017 and prior to January 1, 2018, seventy-five percent, not to exceed thirty-seven thousand five hundred dollars ($37,500); and

             (4) for taxable years beginning on or after January 1, 2018, one hundred percent".,

and thence referred to the FINANCE COMMITTEE.

                               Respectfully submitted,

                               ___________________________________

                               SENATOR PHIL A. GRIEGO, CHAIRMAN

Adopted_______________________ Not Adopted_______________________

          (Chief Clerk) (Chief Clerk)

                  Date ________________________

The roll call vote was 7 For 1 Against

Yes:      7

No:       Sharer

Excused: Sanchez, C., Stewart

Absent:   None

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