HB 1055-1_ Filed 01/20/2004, 10:20 Borror


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    PREVAILED      Roll Call No. _______
    FAILED        Ayes _______
    WITHDRAWN        Noes _______
    RULED OUT OF ORDER


[

HOUSE MOTION ____

]

MR. SPEAKER:

    I move that House Bill 1055 be amended to read as follows:

SOURCE: Page 2, line 23; (04)MO105502.2. -->     Page 2, delete lines 23 through 42.
    Delete pages 3 through 7.
    Page 8, delete lines 1 through 34.
    Page 9, delete lines 27 through 42, begin a new paragraph and insert:
SOURCE: IC 6-3-1-33; (04)MO105502.4. -->     "SECTION 4. IC 6-3-1-33, AS ADDED BY P.L.105-2003, SECTION 3, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JANUARY 1, 2004 (RETROACTIVE)]: Sec. 33. As used in this article, "bonus depreciation" means an amount equal to that part of any depreciation allowance allowed in computing the taxpayer's federal adjusted gross income or federal taxable income that is attributable to the additional first-year special depreciation allowance (bonus depreciation) for qualified property placed in service before January 1, 2004, that is allowed under Section 168(k) of the Internal Revenue Code.
SOURCE: IC 6-5.5-1-20; (04)MO105502.5. -->     SECTION 5. IC 6-5.5-1-20, AS ADDED BY P.L.105-2003, SECTION 5, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JANUARY 1, 2004 (RETROACTIVE)]: Sec. 20. As used in this article, "bonus depreciation" means an amount equal to that part of any depreciation allowance allowed in computing the taxpayer's federal taxable income that is attributable to the additional first-year special depreciation allowance (bonus depreciation) for qualified property placed in service before January 1, 2004, that is allowed under Section 168(k) of the Internal Revenue Code.".
    Delete pages 10 through 12.
SOURCE: Page 13, line 2; (04)MO105502.13. -->     Page 13, line 2, delete "IC 6-3-1-3.5," and insert " IC 6-3-1-33,".
    Renumber all SECTIONS consecutively.
    (Reference is to HB 1055 as printed January 16, 2004.)

________________________________________

Representative Borror


MO105502/DI 73     2004