6533-S AMH FIN H5487.1

SSB 6533  - H COMM AMD
     By Committee on Finance

NOT ADOPTED 03/08/2006

     On page 1, line 10, strike "fifty percent" and insert "twenty-five percent from July 1, 2006, through June 30, 2007, fifty percent from July 1, 2007, through June 30, 2008, and one hundred percent after June 30, 2008,"

EFFECT:  Phases in the tax credit as follows: 25% credit for July 1, 2006, to June 30, 2007, 50% from July 1, 2007, to June 30, 2008, and 100% after June 30, 2008.

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