H1316B1442A00886 DMS:JSL 06/07/23 #90 A00886
AMENDMENTS TO HOUSE BILL NO. 1316
Sponsor: REPRESENTATIVE TWARDZIK
Printer's No. 1442
Amend Bill, page 1, line 14, by striking out "1102-C.6" and
inserting
1102-C.6(b)
Amend Bill, page 1, lines 17 through 21; page 2, lines 1
through 29; by striking out all of said lines on said pages and
inserting
Section 1102-C.6. Transfer of Tax.--* * *
(b) The amount transferred under subsection (a) may not
exceed the following:
(1) For each fiscal year beginning after June 30, 2019, and
ending prior to July 1, 2023, forty million dollars
($40,000,000).
[(2) For the fiscal year beginning July 1, 2023, and each
fiscal year thereafter, sixty million dollars ($60,000,000).]
(3) For the fiscal year beginning July 1, 2023, eighty
million dollars ($80,000,000).
(4) For the fiscal year beginning July 1, 2024, ninety
million dollars ($90,000,000).
(5) For the fiscal year beginning July 1, 2025, and each
fiscal year thereafter, one hundred million dollars
($100,000,000).
* * *
Section 2. Nothing in this act shall be construed to
increase the rate of tax imposed under section 1102-C of the
act.
Section 3. This act shall take effect in 60 days.
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