SB 500-6_ Filed 02/16/2007, 14:37 Kenley

SENATE MOTION


MADAM PRESIDENT:

    I move
that Senate Bill 500 be amended to read as follows:

    Replace the effective date in SECTION 16 with "[EFFECTIVE DECEMBER 16, 2007]".

SOURCE: Page 20, line 9; (07)MO050007.20. -->     Page 20, line 9, after "on the" insert " lesser of the".
    Page 20, strike line 11.
    Page 20, line 12, strike "income tax liability for such taxable year." and insert " the amount calculated in subdivision (1) or the difference between the actual amount paid by the corporation on the estimated return and the amount calculated in subdivision (2).".
    Page 29, between lines 38 and 39, begin a new paragraph and insert:
SOURCE: ; (07)MO050007.30. -->     "SECTION 30. [EFFECTIVE JULY 1, 2007] IC 6-3-4-4.1, as amended by this act, applies to taxable years beginning after December 15, 2007.".
    Renumber all SECTIONS consecutively.
    (Reference is to SB 500 as printed January 30, 2007.)

________________________________________

Senator KENLEY


MO050007/DI 73
2007