H2226B2966A04931 NAD:EJH 06/11/24 #90 A04931
AMENDMENTS TO HOUSE BILL NO. 2226
Sponsor: REPRESENTATIVE FRIEL
Printer's No. 2966
Amend Bill, page 5, lines 6 through 8, by striking out all of
said lines
Amend Bill, page 5, lines 24 through 26, by striking out all
of said lines and inserting
"Tax benefit." The amount of net loss accrued by a selling
taxpayer that would otherwise be allowable as a deduction from
taxable income under section 401(3).
"Tax benefit value." The value of the tax benefit being sold
under this chapter, calculated by multiplying the amount of the
tax benefit by the corporate net income tax rate under section
401 that is in effect during the taxable year in which the tax
benefit is being sold.
Amend Bill, page 7, line 3, by inserting after "to"
at least
Amend Bill, page 7, lines 3 and 4, by striking out "being
sold" and inserting
value
Amend Bill, page 7, line 17, by inserting after "to"
at least
Amend Bill, page 7, lines 17 and 18, by striking out "being
sold" and inserting
value
Amend Bill, page 8, line 15, by inserting after "$20,000,000"
in tax benefits
Amend Bill, page 11, line 24, by inserting after "to"
at least
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Amend Bill, page 11, line 24, by inserting after "of" where
it occurs the second time
the tax benefit value of the
Amend Bill, page 13, line 11, by inserting after
"$20,000,000"
in tax benefits
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