Bill
Number: S.B. 1783
Mesnard
Floor Amendment
Reference
to: printed bill
Amendment
drafted by: Leg Council
FLOOR
AMENDMENT EXPLANATION
1. Specifies
that the 4.5 percent tax that must be levied, collected and paid for each taxable
year on Arizona small business taxable income applies if an Arizona small
business taxpayer elects to file an Arizona small business income tax return.
2. Allows the Arizona
Department of Revenue to adopt rules and to publish and prescribe forms necessary
to administer the Arizona small business statutes.
3. Makes technical
changes.
Fifty-fifth Legislature Mesnard
First
Regular Session S.B. 1783
MESNARD FLOOR AMENDMENT
SENATE AMENDMENTS TO S.B. 1783
(Reference to printed bill)
Page 9, line
10, after "amount" insert "of
the credit"
Line 21,
after "subject" insert "only";
after "the" insert "income"
Page 10,
line 5, strike "definitions" insert "general provisions"
Line 27,
after "in" insert "any
entity"; strike "C corporation"
insert "publicly traded entity"; after "the" insert "taxable"
Line 28,
strike "held" insert "used"
Strike line
29, insert ", including goodwill and going concern value."
Between
lines 32 and 33, insert:
"START_STATUTE43-1702. Rules
The
department may adopt rules and publish and prescribe forms necessary to
administer this chapter." END_STATUTE
Line
35, before "there" insert "If
an arizona small business taxpayer makes the election pursuant to section 43-302,";
after "on" insert "the"
Line
36, after "of" insert "the"
Amend title to conform