HB 1072-1_ Filed 02/27/2012, 09:52 Walker

SENATE MOTION


MADAM PRESIDENT:

    I move
that Engrossed House Bill 1072 be amended to read as follows:

SOURCE: Page 8, line 25; (12)MO107208.8. -->     Page 8, delete lines 25 through 30.
    Page 147, delete lines 21 through 24.
    Page 147, line 25, delete "Sec. 2." and insert " Sec. 1.".
    Page 147, line 27, delete "Sec. 3." and insert " Sec. 2.".
    Page 147, line 38, delete "Sec. 4." and insert " Sec. 3.".
    Page 147, line 42, delete "attributable to the increment" and insert " appropriated to the fund by the fiscal body of the county, city, or town, and any donations or grants made to the fund.".
    Page 148, line 1, delete "determined under section 5 of this chapter.".
    Page 148, delete lines 6 through 23.
    Page 152, between lines 28 and 29, begin a new paragraph and insert:
SOURCE: ; (12)MO107208.111. -->     "SECTION 111. [EFFECTIVE UPON PASSAGE] (a) During the 2012 legislative interim, the commission on state tax and financing policy shall study the topic of whether the value of tax credits under Section 42 of the Internal Revenue Code should be considered in determining the assessed value of low income housing tax credit property.
    (b) Before November 1, 2012, the commission on state tax and financing policy shall report to the legislative council regarding
any recommendations on the study topic described in subsection (a).
    (c) This SECTION expires January 1, 2013.
".
    Renumber all SECTIONS consecutively.
    (Reference is to EHB 1072 as printed February 24, 2012.)

________________________________________

Senator WALKER


MO107208/DI 73
2012