2487 AMH BURN BUR 353
HB 2487 - H AMD TO H AMD (H-3790.2/26) 2524
By Representative Burnett |
NOT ADOPTED 03/06/2026
On page 6, line 26 of the striking amendment, after "(vi)" strike all material through "year" on line 30 and insert ""Select advanced computing business" means a person who is primarily engaged in advanced computing and is a member of an affiliated group with ((at least one member of the affiliated group engaging in the business of advanced computing, and the affiliated group has)) worldwide gross revenue of more than $25,000,000,000 during the immediately preceding calendar year"
On page 7, beginning on line 3 of the striking amendment, after "(1)(f)(vi)," strike all material through "business" on line 4 and insert "(("primarily" is determined based on gross income of the business)) a person or an affiliated group shall be considered "primarily engaged" if more than 50 percent of its gross income in the prior calendar year is received from engaging in the specified activity"
| EFFECT: Modifies the definition of "select advanced computing business" by limiting it to persons primarily engaged in advanced computing who are members of an affiliated group with global gross revenue greater than 25 billion dollars during the prior year. Provides a person or an affiliated group is "primarily engaged" if more than 50 percent of its gross income in the prior year was received from engaging in the specified activity. |
--- END ---