SB 236-5_ Filed 02/01/2010, 09:10 Hershman

SENATE MOTION


MADAM PRESIDENT:

    I move
that Senate Bill 236 be amended to read as follows:

SOURCE: Page 9, line 24; (10)MO023602.9. -->     Page 9, between lines 24 and 25, begin a new paragraph and insert:
SOURCE: IC 6-3.1-13-9; (10)MO023602.10. -->     "SECTION 10. IC 6-3.1-13-9 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JANUARY 1, 2010 (RETROACTIVE)]: Sec. 9. As used in this chapter, "state tax liability" means a taxpayer's total tax liability that is incurred under:
        (1) IC 6-3-1 through IC 6-3-7 (the adjusted gross income tax);
        (2) IC 27-1-18-2 (the insurance premiums tax); and
        (3) IC 6-5.5 (the financial institutions tax); and
        (4) IC 6-3-4-8 (incremental income tax withholdings);

as computed after the application of the credits that under IC 6-3.1-1-2 are to be applied before the credit provided by this chapter.".
SOURCE: Page 10, line 2; (10)MO023602.10. -->     Page 10, between lines 2 and 3, begin a new paragraph and insert:
SOURCE: IC 6-3.1-13-27; (10)MO023602.15. -->     "SECTION 15. IC 6-3.1-13-27 IS REPEALED [EFFECTIVE JANUARY 1, 2010 (RETROACTIVE)].".
    Renumber all SECTIONS consecutively.
    (Reference is to SB 236 as printed January 29, 2010.)

________________________________________

Senator HERSHMAN


MO023602/DI 58
2010