Bill Number: H.B. 2285

                                                                                                     Yarbrough Floor Amendment

                                                                                                    Reference to: FIN amendment

                                                                                                Amendment drafted by: Bill Ritz

 

 

Makes a technical correction as requested by DOR to reflect that the transaction is an “exclusion” rather than a “deduction.” 

Fifty-first Legislature                                                 Yarbrough

Second Regular Session                                                  H.B. 2285

 

YARBROUGH FLOOR AMENDMENT

 

SENATE AMENDMENTS TO H.B. 2285

 

(Reference to FIN amendment)

 

 

Page 8, strike lines 6 through 15

Page 14, between lines 17 and 18, insert:

“S.   FOR the PURPOSES OF THIS SECTION, THE TRANSFER OF TITLE OR POSSESSION OF COAL FROM AN OWNER OR OPERATOR OF A POWER PLANT TO A PERSON IN THE BUSINESS OF  REFINING COAL IS NOT A SALE OF COAL iF both of THE FOLLOWING APPLY:

1.  THE TRANSFER OF TITLE OR POSSESSION OF THE COAL IS FOR THE PURPOSE OF REFINING THE COAL.

2.  THE TITLE OR POSSESSION OF THE COAL IS TRANSFERRED BACK TO THE OWNER OR OPERATOR OF THE POWER PLANT AFTER COMPLETION OF THE COAL REFINING PROCESS.  for the purposes of this PARAGRAPH, “COAL REFINING PROCESS” MEANS THE APPLICATION OF A COAL ADDITIVE SYSTEM THAT AIDS IN THE REDUCTION OF POWER PLANT EMISSIONS DURING THE COMBUSTION OF COAL AND THE TREATMENT OF FLUE GAS.”

Reletter to conform

Page 22, strike lines 3 through 12

Page 28, between lines 14 and 15, insert:

“S.   FOR the PURPOSES OF THIS SECTION, THE TRANSFER OF TITLE OR POSSESSION OF COAL FROM AN OWNER OR OPERATOR OF A POWER PLANT TO A PERSON IN THE BUSINESS OF REFINING COAL IS NOT A SALE OF COAL IF both of THE FOLLOWING APPLY:

1.  THE TRANSFER OF TITLE OR POSSESSION OF THE COAL IS FOR THE PURPOSE OF REFINING THE COAL.

2.  THE TITLE OR POSSESSION OF THE COAL IS TRANSFERRED BACK TO THE OWNER OR OPERATOR OF THE POWER PLANT AFTER COMPLETION OF THE COAL REFINING PROCESS.  for the purposes of this PARAGRAPH, “COAL REFINING PROCESS” MEANS THE APPLICATION OF A COAL ADDITIVE SYSTEM THAT AIDS IN THE REDUCTION OF POWER

PLANT EMISSIONS DURING THe COMBUSTION OF COAL AND THE TREATMENT OF FLUE GAS.”

Reletter to conform

Amend title to conform

 

 

 

 

4/7/14

9:31 AM

S: BR/ls