Amendment AA1-AA2-AB21

LRBa0979/1

JK:kjf:rs

2005 - 2006 LEGISLATURE

ASSEMBLY AMENDMENT 1, TO ASSEMBLY AMENDMENT 2, TO 2005 ASSEMBLY BILL 21

September 15, 2005 - Offered by Representative Ziegelbauer.

AB21-AA2-AA1,1,1 At the locations indicated, amend the amendment as follows:

AB21-AA2-AA1,1,3 1. Page 1, line 4: delete the material beginning with "who is" and ending with "farming" on line 5.

AB21-AA2-AA1,1,4 2. Page 1, line 6: delete "used in farming".

AB21-AA2-AA1,1,6 3. Page 1, line 7: delete the material beginning with "For" and ending with "Code." on line 10.

AB21-AA2-AA1,1,9 4. Page 2, line 2: delete lines 2 and 3 and substitute "beginning on or after January 1, 2006, a corporation may compute amortization and depreciation on property".

AB21-AA2-AA1,1,11 5. Page 2, line 5: delete the material beginning with "For" and ending with "Code." on line 7.

AB21-AA2-AA1,2,4 6. Page 2, line 13: delete lines 13 to 15 and substitute "beginning on or after January 1, 2006, a tax-option corporation may compute amortization and depreciation on property under any subsequent change to section 101 of P.L. 107-147 or section 201".

AB21-AA2-AA1,2,6 7. Page 2, line 16: delete the material beginning with "For" and ending with "Code." on line 18.

AB21-AA2-AA1,2,7 8. Page 2, line 23: delete " ; farming".

AB21-AA2-AA1,2,8 9. Page 3, line 1: on lines 1 and 6, delete "who is actively engaged in farming".

AB21-AA2-AA1,2,9 10. Page 3, line 2: on lines 2 and 7, delete "used in farming".

AB21-AA2-AA1,2,10 (End)