Senate
File
2161
S-5012
Amend
Senate
File
2161
as
follows:
1
1.
Page
1,
by
striking
lines
3
through
8
and
2
inserting:
3
<
1.
a.
The
taxes
imposed
under
this
division
4
less
the
credits
allowed
under
section
422.12
shall
5
be
reduced
by
an
earned
income
credit
equal
to
seven
6
percent
the
following
percentage
of
the
federal
earned
7
income
credit
provided
in
section
32
of
the
Internal
8
Revenue
Code
:
9
(1)
For
tax
years
beginning
on
or
after
January
1,
10
2012,
and
before
December
31,
2012,
thirteen
percent
.
11
(2)
For
tax
years
beginning
on
or
after
January
1,
12
2013,
and
before
December
31,
2013,
fifteen
percent.
13
(3)
For
tax
years
beginning
on
or
after
January
1,
14
2014,
twenty
percent.
15
b.
Any
credit
in
excess
of
the
tax
liability
is
16
refundable.
>
17
______________________________
JOE
BOLKCOM
-1-
SF2161.3888
(1)
84
mm/sc
1/
1
#1.