HB 1365-13_ Filed 02/23/2004, 10:57 Ford
Adopted 2/23/2004

SENATE MOTION


MADAM PRESIDENT:

    I move
that Engrossed House Bill 1365 be amended to read as follows:

SOURCE: Page 34, line 10; (04)MO136552.34. -->     Page 34, between lines 10 and 11, begin a new paragraph and insert:
SOURCE: IC 6-3.1-4-6; (04)MO136552.14. -->     "SECTION 14. IC 6-3.1-4-6, AS AMENDED BY P.L.224-2003, SECTION 191, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2004]: Sec. 6. Notwithstanding the other provisions of this chapter, a taxpayer is not entitled to a credit for Indiana qualified research expense incurred after December 31, 2013. Notwithstanding Section 41 of the Internal Revenue Code, the termination date in Section 41(h) of the Internal Revenue Code does not apply to a taxpayer who is eligible for the credit under this chapter for the taxable year in which the Indiana qualified research expense is incurred.".
    Renumber all SECTIONS consecutively.
    (Reference is to EHB 1365 as printed February 20, 2004.)

________________________________________

Senator FORD


MO136552/DI 75
2004