Second Regular Session H.B. 2272
PROPOSED AMENDMENT
SENATE AMENDMENTS TO H.B. 2272
(Reference to House engrossed bill)
Page 3, line 17, strike "will" insert "must"
Line 18, strike "their" insert "the employee's"
Line 27, after "certification;" insert "audit; reports;"
Page 7, between lines 2 and 3, insert:
"K. Beginning in 2015 and at least every three years thereafter, the auditor general shall conduct a performance audit, as defined in section 41‑1278, of the tax credits provided under this section. The auditor general shall issue a public report of the performance audit. The public report must include findings and recommendations on the procedures used by the authority to evaluate applications submitted under this section and to ensure compliance with the requirements of the incentive awarded.
L. On or before December 1, 2015 and every year thereafter, the authority shall include in an annual report information regarding any qualified investor that claims an authorized tax credit under this section in the preceding taxable year. The authority shall transmit the report to the governor, the president of the senate, the speaker of the house of representatives and the chairpersons of the senate finance committee and the house of representatives ways and means committee, or their successor committees, and provide a copy of the report to the secretary of state that includes the following information:
1. The amount of tax credits used in the preceding taxable year and the aggregate amount of carryforward for each subsequent taxable year.
2. A reconciliation between the information provided in paragraph 1 of this subsection and the qualified investors that are claiming the tax credit that includes the name of each investor, the amount of credit claimed by the qualified investor and the amount of credit carried forward by the qualified investor.
3. The number of direct jobs created in this state by the qualified small business.
4. The average amount of money awarded by the authority for each job created in this state by each qualified small business.
5. An estimate of the economic and fiscal impact of the incentive Being awarded."
Reletter to conform
Page 10, line 19, strike "will" insert "must"
Line 20, strike "their" insert "the employee's"
Page 13, line 28, strike "will" insert "must"
Line 29, strike "their" insert "the employee's"
Amend title to conform
RICK MURPHY |