I move that Engrossed Senate Bill 378 be amended to read as follows:
Page 7, line 32, reset in roman (a).
Page 7, between lines 36 and 37, begin a new paragraph and insert:
(b) Notwithstanding subsection (a) of this section, the total amount of credits allowed a taxpayer (or, if the person producing ethanol is a pass through entity, the shareholders, partners, or members of the pass through entity) may increase to an amount not to exceed a total of five million dollars ($5,000,000) for all taxable years with the prior approval of the Indiana economic development corporation.
(Reference is to Engrossed Senate Bill 378 as printed March 18, 2005.)