6558-S2 AMH MCIN MATT 059

 

 

 

 

2SSB 6558 - H AMD TO H COMM AMD (H5443.1) 1143

By Representative McIntire

ADOPTED 3/6/2006

 

   On page 6 of the amendment, line 3, strike all of subsection (3) and insert the following:

   "(3) The maximum credit that may be earned for each calendar year under this section for a person is limited to the lesser of:

    (a) One million dollars; or

   (b)(i) Through calendar year 2008, an amount equal to one hundred percent of the contributions made by the person to a program during the calendar year; and

   (ii) For calendar years after 2008, an amount equal to ninety percent of the contributions made by the person to a program during the calendar year."

 

 

 

EFFECT: Allows a credit against B&O tax of 100 percent of contributions to the motion picture competitiveness program for the first three calendar years of the program, and 90 percent thereafter.