SB 459-1_ Filed 02/28/2005, 08:29 Dillon
Adopted 2/28/2005

SENATE MOTION


MADAM PRESIDENT:

    I move
that Senate Bill 459 be amended to read as follows:

SOURCE: Page 4, line 13; (05)MO045901.4. -->     Page 4, line 13, delete "6-3.1-25-15(a)." and insert " 6-3.1-25-15(a) or IC 6-3.1-25-15-(b).".
    Page 10, delete lines 11 through 14, begin a new paragraph and insert:
    " (b) For each taxable year following the taxable year described in subsection (a)(2), a percentage of an employee's eligible benefits are included in the employee's state adjusted gross income (as defined in IC 6-3-1-3.5(a)) as follows:
        (1) For an employee whose annual income derived from the taxpayer is forty thousand dollars ($40,000) or less, zero percent (0%).
        (2) For an employee whose annual income derived from the taxpayer is greater than forty thousand dollars ($40,000) and less than eighty thousand dollars ($80,000), fifty percent (50%).
        (3) For an employee whose annual income derived from the taxpayer is eighty thousand dollars ($80,000) or greater, one hundred percent (100%).
".
    Page 10, line 15, delete (b) and insert " (c)".
    (Reference is to SB 459 as printed February 25, 2005.)

________________________________________

Senator DILLON


MO045901/DI 103     2005