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."