6143-S AMS SHIN CRIS 139

SSB 6143 - S AMD 318

By Senator Shin

WITHDRAWN 3/06/2010

    On page 101, line 15, after "(5)", insert "(a)"

    On page 101, line 17, after "equal to", strike "three-tenths of"

    On page 101, line 18, after "selling price.", insert

    "(b)(i) When the state's unemployment rate decreases to six and five-tenths percent for four continuous months, the rate of one percent in this subsection (5) must be reduced to one-half of one percent.

    (ii) When the state's unemployment rate decreases to five percent for four continuous months, no additional tax may be imposed under this subsection (5)."

    On page 102, line 23, after "(5)", insert "(a)"

    On page 102, line 25, after "equal to", strike "three-tenths of"

    On page 102, line 26, after "selling price.", insert

    "(b)(i) When the state's unemployment rate decreases to six and five-tenths percent for four continuous months, the rate of one percent in this subsection (5) must be reduced to one-half of one percent.

    (ii) When the state's unemployment rate decreases to five percent for four continuous months, no additional tax may be imposed under this subsection (5)."

    On page 103, line 1, strike section 2104. 

    On page 106, line 14, strike section 2107. 

    Renumber the sections consecutively and correct any internal references accordingly.

SSB 6143 - S AMD 318

By Senator Shin

WITHDRAWN 3/06/2010

    On page 1, line 12 of the title, after "82.08.0206,", strike "43.135.035,"

EFFECT:   Removes the appropriation and the state expenditure limit sections of the underlying bill.  Increases the sales and use tax additional tax rate to 1.0% (from 0.3%).  When the state's unemployment rate decreases to 6.5% for 4 continuous months, the rate of the additional tax must be reduced to 0.5%.  When the state's unemployment rate decreases to 5% for 4 continuous months, no additional tax may be imposed.

--- END ---