Second Regular Session S.B. 1116
COMMITTEE ON FINANCE
SENATE AMENDMENTS TO S.B. 1116
(Reference to printed bill)
Page 2, between lines 8 and 9, insert:
"H. For taxable years beginning from and after December 31, 2022, the department shall adjust the dollar amounts prescribed by subsection A, paragraphs 1 and 2 of this section and subsection B, paragraphs 1 and 2 of this section according to the average annual change in the metropolitan Phoenix consumer price index published by the United States department of labor, bureau of labor statistics, except that the dollar amounts may not be revised below the amounts allowed in the prior taxable year. The revised dollar amounts shall be raised to the nearest whole dollar."
Reletter to conform
Page 3, line 32, after "state" strike remainder of line
Line 33, strike "charitable organization"
Amend title to conform