SOURCE: Page 2, line 34; (02)CR046201.2. -->
Page 2, line 34, delete "exemption" and insert "
credit".
Page 4, line 17, delete "applicant intends to:" and insert
"
applicant:".
Page 4, line 18, after "(A)" insert "
intends to".
Page 4, line 23, delete "retain" and insert "
retains".
Page 4, line 24, delete "two" and insert "
six".
Page 4, line 24, delete "(1,200)" and insert "
(1,600)".
Page 4, line 36, delete "exemption" and insert "
credit".
Page 5, line 12, delete "exemption" and insert "
credit".
Page 5, line 14, delete "exemption" and insert "
credit".
Page 5, delete lines 16 through 21, begin a new paragraph and
insert:
"
Sec. 10. (a) A high impact business is entitled to a credit
against the business's property tax liability under
IC 6-1.1-2
for a
particular year following the designating body's adoption of a
resolution taking final action under section 8 of this chapter.
(b) A certified copy of the resolution shall be sent to the county
auditor, who shall grant the credit as provided in section 11 of this
chapter.
(c) A high impact business may not claim a credit under section
11 of this chapter for more than ten (10) years.".
Page 5, line 23, delete "exemption" and insert "
credit".
Page 5, line 24, delete "exemption" and insert "
credit".
Page 5, line 26, delete "exemption" and insert "
credit".
Page 5, line 31, delete "exemption" and insert "
credit".
Page 5, line 36, delete "exemption" and insert "
credit".
Page 5, line 39, delete "exemption." and insert "
credit.".
Page 6, line 1, delete "exemption" and insert "
credit".
Page 6, line 3, delete "exemption." and insert "
credit.".
Page 6, line 4, after "tax" delete "exemption" and insert "
credit".
Page 6, line 4, after "of the" delete "exemption" and insert "
credit".
Page 7, line 8, delete "exemption" and insert "
credit".
Page 7, line 10, after "occurs" insert "
more than ten (10) years".
Page 7, line 10, after "after" insert "
the first year in which the
high impact business claimed a property tax credit under section
11 of this chapter.".
Page 7, delete lines 11 through 12.
Page 7, line 14, delete "exemption" and insert "
credit".
Page 7, line 16, delete "exemption" and insert "
credit".
Page 7, line 25, delete "exemption" and insert "
credit".
Page 7, line 29, delete "exemption" and insert "
credit".
Page 7, line 35, delete "exemption." and insert "
credit.".
Page 7, line 36, delete "exemption" and insert "
credit".
Page 8, line 7, delete "exemption" and insert "
credit".
Page 8, line 14, after "of" insert "
property tax credits received
by".
Page 8, line 15, delete "owner's property taxes that were exempted"
and insert "
owner".
Page 8, line 19, after "of the" insert "
first".
Page 8, line 20, delete "owner's" and insert "
owner received a".
Page 8, line 20, delete "exemption" and insert "
credit".
Page 8, line 21, delete "chapter commenced." and insert "
chapter.".
Page 8, line 31, delete "exemption." and insert "
credit.".
Page 8, line 34, delete "exemption" and insert "
credit".
Page 8, line 35, delete "additional".
Page 8, line 36, delete "would have been" and insert "
were".
Page 8, line 37, delete "unit if the property tax exemption had not"
and insert "
unit.".
Page 8, delete line 38.
Page 9, line 4, delete "exemption" and insert "
credit".
Page 9, line 12, delete "exemption" and insert "
credit".
Page 9, line 36, delete "exemption" and insert "
credit".
Page 9, line 38, delete "additional".
Page 9, line 38, delete "would" and insert "
were".
Page 9, line 39, delete "have been".
Page 9, line 39, delete "owner if the" and insert "
owner.".
Page 9, delete line 40.
Page 10, line 5, delete "exemption" and insert "
credit".
Page 10, line 9, delete "exemption" and insert "
credit".
Page 10, line 11, delete "additional".
Page 10, line 11, delete "would" and insert "
were".
Page 10, line 12, delete "have been".
Page 10, line 13, delete "unit if the exemption had not been in
effect." and insert "
unit.".
Page 10, line 21, after "payable" insert "
in the year immediately
following the year in which at least eighty percent (80%) of
taxpayers subject as of June 30, 2002, to the property tax on
inventory do not pay property tax on inventory assessed under
IC 6-1.1-3.".
Page 10, delete line 22.
(Reference is to SB 462 as printed January18, 2002.)
and when so amended that said bill do pass.
__________________________________
CR046201/DI 103 2002