Amendments for HB24-1138
House Journal, February 16
16 HB24-1138 be amended as follows, and as so amended, be referred to
17 the Committee on Finance with favorable
18 recommendation:
19
20 Amend printed bill, page 4, line 18, strike "A" and substitute "AN INITIAL".
21
22 Page 4, line 27, after "LEASE." add "A SUBSEQUENT LEASE OF LESS THAN
23 TWENTY YEARS BETWEEN THE SAME PARTIES FOR THE SAME
24 AGRICULTURAL ASSET SHALL NOT QUALIFY FOR A CREDIT PURSUANT TO
25 THIS SECTION.".
26
27 Page 5, strike line 18 and substitute "WHOSE BUSINESSES ARE
28 FINANCIALLY SEPARATE AND DISTINCT FROM EACH OTHER.".
29
30 Page 6, line 2, strike "FIVE" and substitute "TEN".
31
32 Page 6, line 4, strike "THIRTY-TWO" and substitute "FIFTY".
33
34 Page 6, line 6, strike "TEN" and substitute "FIFTEEN".
35
36 Page 6, line 8, strike "SEVEN" and substitute "TEN".
37
38 Page 6, line 24, strike "SCHEDULE F," and substitute "INTERNAL REVENUE
39 SERVICE FORM SCHEDULE F OR ANY SUCCESSOR TAX FORM THAT RELATES
40 TO PROFITS AND LOSSES GENERATED BY FARMING,".
41
42 Strike "TWO" and substitute "FIVE" on: Page 6, lines 10 and 13.
43
44 Strike "TWO" and substitute "ONE AND ONE-HALF" on: Page 8, lines 5, 8,
45 and 14.
46
47