Senate
File
2117
H-8292
Amend
the
amendment,
H-8012,
to
Senate
File
2117,
as
1
amended,
passed,
and
reprinted
by
the
Senate,
as
follows:
2
1.
Page
9,
after
line
5
by
inserting:
3
<
DIVISION
___
4
TAX
CREDITS
5
Sec.
___.
NEW
SECTION
.
421.11
Tax
credits
——
applicability.
6
1.
For
purposes
of
this
section,
“tax
expenditure”
means
the
7
same
as
defined
in
section
2.48.
8
2.
Tax
expenditure
and
tax
rate
provisions
in
legislation
9
enacted
on
or
after
the
effective
date
of
this
Act
shall
first
10
apply
to
the
tax
year
that
follows
a
fiscal
year
in
which
the
11
ending
balance
of
both
the
economic
emergency
fund
created
in
12
section
8.55
and
the
cash
reserve
fund
created
in
section
8.56
13
are
equal
to
the
maximum
balance
for
both
funds.
14
3.
This
section
only
applies
to
tax
rate
provisions
that
15
reduce
the
rate
of
taxation.
>
16
2.
Title
page,
line
1,
after
<
funding
>
by
inserting
<
,
17
taxation,
>
18
3.
By
renumbering
as
necessary.
19
______________________________
HALL
of
Woodbury
-1-
H8012.3583
(2)
87
tm/rn
1/
1
#1.
#2.
#3.