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.)