Amendment AA2-AB726

LRBa1755/1

MES&JK:jld:rs

2009 - 2010 LEGISLATURE

ASSEMBLY AMENDMENT 2, TO 2009 ASSEMBLY BILL 726

March 30, 2010 - Offered by Representative Wood.

AB726-AA2,1,1 At the locations indicated, amend the bill as follows:

AB726-AA2,1,2 1. Page 1, line 6: after "funds" insert "and granting rule-making authority".

AB726-AA2,1,5 2. Page 3, line 14: delete that line and substitute "amount of those taxes, 75 percent of the amount of a private school contribution, or 75 percent of the amount of".

AB726-AA2,1,6 3. Page 4, line 16: after that line insert:

AB726-AA2,1,11 "8. The maximum amount of the credits that all claimants may claim under this subsection and ss. 71.28 (6g) and 71.47 (6g) in a taxable year is $10,000,000. If the total amount of claims under this subsection and ss. 71.28 (6g) and 71.47 (6g) exceed $10,000,000 in a taxable year, the department of revenue shall allocate the credits claimed on a proportional basis under rules that the department shall promulgate.".

AB726-AA2,2,3 4. Page 6, line 1: delete that line and substitute "amount of those taxes, 75 percent of the amount of a private school contribution, or 75 percent of the amount of".

AB726-AA2,2,4 5. Page 6, line 12: after that line insert:

AB726-AA2,2,9 "3. The maximum amount of the credits that all claimants may claim under this subsection and ss. 71.07 (6g) and 71.47 (6g) in a taxable year is $10,000,000. If the total amount of claims under this subsection and ss. 71.07 (6g) and 71.47 (6g) exceed $10,000,000 in a taxable year, the department of revenue shall allocate the credits claimed on a proportional basis under rules that the department shall promulgate.".

AB726-AA2,2,12 6. Page 8, line 5: delete that line and substitute "amount of those taxes, 75 percent of the amount of a private school contribution, or 75 percent of the amount of".

AB726-AA2,2,13 7. Page 8, line 16: after that line insert:

AB726-AA2,2,18 "3. The maximum amount of the credits that all claimants may claim under this subsection and ss. 71.07 (6g) and 71.28 (6g) in a taxable year is $10,000,000. If the total amount of claims under this subsection and ss. 71.07 (6g) and 71.28 (6g) exceed $10,000,000 in a taxable year, the department of revenue shall allocate the credits claimed on a proportional basis under rules that the department shall promulgate.".

AB726-AA2,2,19 (End)