Amendments for SB08-157
 

Senate Journal, March 14
After consideration on the merits, the Committee recommends that SB08-157 be amended
as follows, and as so amended, be referred to the Committee of the Whole with favorable
recommendation.

Amend printed bill, page 3, line 3, strike "FOR" and substitute
"(I) EXCEPT AS OTHERWISE PROVIDED IN SUBPARAGRAPH (II) OF THIS
PARAGRAPH (c), FOR";

line 7, strike "SECTION" and substitute "SUBSECTION (2)";

line 12, strike "(I)" and substitute "(A)";

line 17, strike "(II)" and substitute "(B)";

after line 22, insert the following:

"(II) THE PERCENTAGE OF NET CAPITAL GAINS CONSTITUTING
QUALIFYING GAINS RECEIVING CAPITAL TREATMENT SPECIFIED IN
SUBPARAGRAPH (I) OF THIS PARAGRAPH (c) SHALL BE INCREASED BY ONE
PERCENTAGE POINT ON JANUARY 1, 2010, AND BY ONE ADDITIONAL
PERCENTAGE POINT ON EACH JANUARY 1 THEREAFTER, AND EACH
INCREASED PERCENTAGE SHALL APPLY TO ANY INCOME TAX YEAR
COMMENCING DURING THE CALENDAR YEAR IN WHICH THE INCREASED
PERCENTAGE WAS ESTABLISHED.".


Finance