Sen. Kyle McCarter
Filed: 2/21/2012
 
 

 

 

 
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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.