S-3205

   Amend Senate File 509 as follows:
   1.  Page 1, by striking lines 17 through 21.
   2.  Page 5, after line 5 by inserting: 
   <___.  An individual may claim the tax credit allowed a partnership, limited liability company, S corporation, estate, or trust electing to have the income taxed directly to the individual. The amount claimed by the individual shall be based upon the pro rata share of the individual’s earnings of the partnership, limited liability company, S corporation, estate, or trust.>
   3.  Page 5, by striking lines 21 and 22 and inserting: 
   <1.  Except as provided in subsection 2, this Act, being deemed of immediate importance, takes effect upon enactment.>
   4.  By renumbering, redesignating, and correcting internal references as necessary.

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RITA HART