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Sen. Michael Noland
Filed: 4/10/2008
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09500SB2873sam001 |
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LRB095 18330 HLH 49019 a |
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| AMENDMENT TO SENATE BILL 2873
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| AMENDMENT NO. ______. Amend Senate Bill 2873 on page 3, by |
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| replacing lines 7 through 16 with the following:
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| "this State for the taxable year. For taxable years ending on |
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| or after December 31, 2008, the credit provided under this |
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| paragraph for tax paid to other states shall not exceed that |
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| amount which bears the same ratio to the tax imposed by |
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| subsections 201(a) and (b) otherwise due under this Act as the |
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| amount of the taxpayer's base income that would be allocated or |
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| apportioned to other states if all other states had adopted the |
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| provisions in Article 3 of this Act bears to the taxpayer's |
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| total base income subject to tax by this State for the taxable |
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| year. The credit provided by this paragraph".
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