2122 AMH KESS ARCJ 030

HB 2122 - H AMD 291

By Representative Kessler

ADOPTED 3/10/2009

    On page 8, beginning on line 9, strike all of subsection (14) and insert the following:

    "(14) Upon every person engaging within this state in the business of printing a newspaper, publishing a newspaper, or both, the amount of tax on such business is equal to the gross income of the business multiplied by the rate of 0.2904 percent."

EFFECT:   Corrects a technical mistake by clarifying that lower B&O tax rate applies only to the newspaper industry.

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