SB 500-8_ Filed 02/19/2007, 09:43 Kenley
Adopted 2/19/2007

SENATE MOTION


MADAM PRESIDENT:

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

SOURCE: Page 29, line 17; (07)MO050008.29. -->     Page 29, strike lines 17 through 18.
    Page 29, line 19, strike "year, excluding pension fund investments, as".
    Page 29, line 20, delete "determined by the" and insert " must be the same as the adjusted rate of interest determined under this subsection for a failure described in subsection (a).".
    Page 29, delete line 21.
    Page 29, line 22, delete "to the commissioner.".
    Page 29, between lines 32 and 33, begin a new paragraph and insert:
SOURCE: ; (07)MO050008.28. -->     "SECTION 28. [EFFECTIVE UPON PASSAGE] (a) The commissioner of the department of state revenue shall revise any schedule specifying the adjusted rate of interest for excess tax payments as necessary to comply with IC 6-8.1-10-1, as amended by this act. A schedule revised under this SECTION takes effect July 1, 2007.
    (b) This SECTION expires December 31, 2007.
".
    Renumber all SECTIONS consecutively.
    (Reference is to SB 500 as printed January 30, 2007.)

________________________________________

Senator KENLEY


MO050008/DI 73     2007