[ Search ] [ Legislation ] [ Bill Summary ]
[ Home ] [ Back ] [ Bottom ]
| [ Introduced ] | [ Engrossed ] | [ Senate Amendment 002 ] |
90_SB0020sam001
LRB9000090KDksam
1 AMENDMENT TO SENATE BILL 20
2 AMENDMENT NO. . Amend Senate Bill 20 on page 9, by
3 replacing lines 16 through 22 with the following:
4 "hired to work in the zone during the taxable year. A
5 partnership or Subchapter S corporation that is otherwise
6 eligible for the credit provided in this paragraph may pass
7 the credit through to the partners of the partnership or the
8 shareholders of the corporation in the same manner as
9 partnership or Subchapter S corporation income is distributed
10 to partners and shareholders under the Internal Revenue Code.
11 The credit may then be applied against the tax liability of
12 the partner or shareholder under subsections (a) and (b) of
13 this Section.".