Sen. Kyle McCarter

Filed: 2/21/2012

 

 


 

 


 
09700SB2522sam001LRB097 14129 HLH 65855 a

1
AMENDMENT TO SENATE BILL 2522

2    AMENDMENT NO. ______. Amend Senate Bill 2522 on page 1,
3line 5, by replacing "Sections 201 and 207" with "Section 201";
4and
 
5on page 5, by replacing lines 1 through 17 with the following:
6        "(10) In the case of a corporation, for taxable years
7    beginning on or after January 1, 2011, and ending prior to
8    January 1, 2015, an amount equal to 7% of the taxpayer's
9    net income for the taxable year.
10        (11) In the case of a corporation, for taxable years
11    beginning prior to January 1, 2015, and ending after
12    December 31, 2014, an amount equal to the sum of (i) 7% of
13    the taxpayer's net income for the period prior to January
14    1, 2015, as calculated under Section 202.5, and (ii) 4.8%
15    5.25% of the taxpayer's net income for the period after
16    December 31, 2014, as calculated under Section 202.5.
17        (12) In the case of a corporation, for taxable years

 

 

09700SB2522sam001- 2 -LRB097 14129 HLH 65855 a

1    beginning on or after January 1, 2015, and ending prior to
2    January 1, 2025, an amount equal to 4.8% 5.25% of the
3    taxpayer's net income for the taxable year."; and
 
4by deleting everything from line 23 on page 36 through line 13
5on page 40.