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.