SB2873sam001 95TH GENERAL ASSEMBLY

Sen. Michael Noland

Filed: 4/10/2008

09500SB2873sam001 LRB095 18330 HLH 49019 a

AMENDMENT TO SENATE BILL 2873

AMENDMENT NO. ______. Amend Senate Bill 2873 on page 3, by replacing lines 7 through 16 with the following:

"this State for the taxable year. For taxable years ending on or after December 31, 2008, the credit provided under this paragraph for tax paid to other states shall not exceed that amount which bears the same ratio to the tax imposed by subsections 201(a) and (b) otherwise due under this Act as the amount of the taxpayer's base income that would be allocated or apportioned to other states if all other states had adopted the provisions in Article 3 of this Act bears to the taxpayer's total base income subject to tax by this State for the taxable year. The credit provided by this paragraph".