Adopted by House 3-8-07
SB441 HFIN AM 3-7
The Committee on Finance moves to amend the bill on page
twenty-one, section two-p, on line forty-nine, following the word
"subdivision" by striking "(3)" and inserting in lieu thereof
"(2)";
On page twenty-four, section two-p, beginning on line one
hundred six, by striking out subdivision (2) in its entirety and
inserting in lieu thereof, the following:
"(2) The credit allowed under this section may be applied
annually, beginning on the later of:";
And,
On page twenty-five, section two-p, following line one hundred
twenty-three, by inserting a new subdivision (4) to read as
follows:
"(4) Credit to which a taxpayer is entitled under this section
shall be applied in an order and sequence such that the credit
earned earliest in time shall be applied first in any tax year to
offset tax under this section."