Bill
Number: S.B. 1539
Biggs
Floor Amendment
Reference
to: printed bill
Amendment
drafted by: Leg Council
FLOOR
AMENDMENT EXPLANATION
Allows for an administrative allowance of
3.52 cents for tobacco stamps sold on tribal lands with a face value of greater
than zero and for which the tax is not precollected and specifies that rebates
for stamps sold on tribal lands for which tax is precollected are equal to the
full face value of the stamps.
Clarifies that any waiver of expenditure
limitation penalties to La Paz County are associated with expenditures from
operating the county’s landfill.
Limits the claims window to the Veterans’
Income Tax Settlement Fund to state income taxes withheld from active duty
military pay from September 1, 1993 through January 1, 2006.
Increases the eligibility for county
flexibility to counties with a population of 250,000 or less, instead of
200,000, and increases the spending cap to $1.25 million from $1 million.
Makes technical, conforming and clarifying
changes.
Page 2, line 12, strike "amount" insert ",
redemption and rebate amounts"
Strike lines 34 through 45, insert:
"3. After
September 30, 2016, at the discount rate of 96.48 percent of the face value of
all categories of stamps, except that:
(a) For those categories of stamps
with a face value of zero, 3.52 cents per stamp shall be remitted to the
acquiring distributor as an administrative allowance subject to the reporting
of the affixation of such stamps pursuant to section 42‑3462.
(b) For those categories of stamps
for which the tax is not precollected pursuant to article 7 of this chapter,
3.52 cents per stamp shall be remitted to the acquiring distributor as an
administrative allowance subject to the reporting of the affixation of such
stamps pursuant to section 42‑3462.
B. Any
refund of tax stamps requested by a licensed distributor pursuant to section 42‑3008
or redemption of unused or spoiled tax stamps pursuant to section 42‑3460
shall be issued in an amount of:
1. The total
face value of the stamps minus four percent if subsection A, paragraph 2 of
this section applies to the stamps.
2. The total
face value of the stamps minus 3.52 percent if subsection A, paragraph 3 of
this section applies to the stamps.
C. Any
rebate of tax stamps requested by a licensed distributor for which the tax is
precollected pursuant to article 7 of this chapter shall be at the full face
value of the stamps."END_STATUTE
Page 6, line 17, after "hundred" insert
"fifty"
Line 22, strike "$1,000,000" insert
"$1,250,000"
Line 25, after "hundred" insert "fifty"
Page 6, line 39, after "county" insert "related
to the contract with Los Angeles county to import incinerator ash for
disposal"
Page 13, line 2, after "pay" insert "on or after
September 1, 1993 and before January 1, 2006,"
Page 15, line 11, after "of" insert
"subsection A, paragraph 3 and"
Line 26, strike "withholding" insert "a timely
filed return for the applicable taxable period"
Line 29, after "Statutes" insert a period strike
remainder of line
Strike lines 30 through 38
Amend title to conform