Amendments for SB24-152
Senate Journal, March 20
After consideration on the merits, the Committee recommends that SB24-152 be amended
as follows, and as so amended, be referred to the Committee on Appropriations with
favorable recommendation.
Amend printed bill, page 5, strike line 7 and substitute "AFTER JANUARY 1,
2026, BUT BEFORE JANUARY 1, 2031, A QUALIFYING".
Page 5, strike lines 21 through 24 and substitute:
"(c) THE DEPARTMENT OF AGRICULTURE SHALL NOT ISSUE TAX CREDIT
CERTIFICATES THAT EXCEED AN AGGREGATE AMOUNT OF TWO MILLION FIVE
HUNDRED THOUSAND DOLLARS IN A CALENDAR YEAR.".
Page 6, after line 15, insert:
"(b) THE DEPARTMENT OF AGRICULTURE SHALL ISSUE TAX CREDIT
CERTIFICATES TO QUALIFYING RETAILERS IN THE ORDER IN WHICH EACH
APPLICATION IS RECEIVED. IF THE DEPARTMENT OF AGRICULTURE ISSUES TAX
CREDIT CERTIFICATES THAT IN THE AGGREGATE TOTAL THE PROGRAM LIMIT
SPECIFIED IN SUBSECTION (3)(c) OF THIS SECTION BEFORE THE END OF A
CALENDAR YEAR, ANY ADDITIONAL APPLICATIONS FOR CREDIT CERTIFICATES
MUST BE PLACED ON A WAIT LIST FOR TAX CREDIT CERTIFICATES ISSUED IN THE
NEXT CALENDAR YEAR; EXCEPT THAT THE DEPARTMENT OF AGRICULTURE
SHALL NOT PLACE MORE THAN THE AGGREGATE OF ONE MILLION DOLLARS OF
TAX CREDIT CERTIFICATE APPLICATIONS ON THE WAIT LIST IN ANY CALENDAR
YEAR. THE DEPARTMENT OF AGRICULTURE SHALL PRIORITIZE WAIT LISTED
APPLICATIONS FIRST TO A QUALIFYING RETAILER WHO WAS ISSUED A CREDIT
CERTIFICATE FOR A CALENDAR YEAR PRIOR TO BEING PLACED ON THE WAIT LIST,
AND SECOND TO A QUALIFYING RETAILER WHO WAS PLACED ON THE WAIT LIST
IN A PREVIOUS CALENDAR YEAR BUT WAS NOT ISSUED A CREDIT CERTIFICATE.".
Reletter succeeding paragraphs accordingly.
Page 8, line 11, strike "DECEMBER 31, 2033." and substitute "DECEMBER 31,
2035.".
Page 8, strike lines 12 through 24.
Renumber succeeding section accordingly.
Finance
Senate Journal, April 16
After consideration on the merits, the Committee recommends that SB24-152 be amended
as follows, and as so amended, be referred to the Committee of the Whole with favorable
recommendation and with a recommendation that it be placed on the Consent Calendar.
Amend printed bill, page 8, after line 6, insert:
"(7) NOTWITHSTANDING ANY OTHER PROVISION OF THIS SECTION, IF THE
JUNE 2025 REVENUE FORECAST AND EACH JUNE REVENUE FORECAST
THEREAFTER THROUGH THE JUNE 2029 REVENUE FORECAST, AS PREPARED BY
EITHER LEGISLATIVE COUNCIL STAFF OR THE OFFICE OF STATE PLANNING AND
BUDGETING, PROJECTS THAT STATE REVENUES, AS DEFINED IN SECTION
24-77-103.6 (6)(c), WILL NOT INCREASE BY AT LEAST FOUR PERCENT FOR THE
NEXT FISCAL YEAR, THE AMOUNT OF THE CREDIT A QUALIFYING RETAILER MAY
CLAIM PURSUANT TO THIS SECTION FOR ANY TAX YEAR COMMENCING IN THE
CALENDAR YEAR THAT BEGINS DURING SAID NEXT FISCAL YEAR IS REDUCED BY
FIFTY PERCENT; EXCEPT THAT, IF THE AMOUNT OF A REDUCED TAX CREDIT IS
EQUAL TO OR LESS THAN FIVE HUNDRED DOLLARS, THEN THE DEPARTMENT
SHALL NOT ISSUE A TAX CREDIT CERTIFICATE.".
Renumber succeeding paragraphs accordingly.
Appro-
priations
House Journal, April 23
30 SB24-152 be amended as follows, and as so amended, be referred to
31 the Committee on Finance with favorable
32 recommendation:
33
34 Amend reengrossed bill, page 4, after line 10 insert:
35
36 "(b) "CATERING INDUSTRY" HAS THE SAME MEANING AS SET FORTH
37 IN SECTION 39-26-105 (1.3)(a)(I.3).".
38
39 Reletter succeeding paragraphs accordingly.
40
41 Page 4, line 18, strike "INDUSTRY" and substitute "INDUSTRY, THE
42 CATERING INDUSTRY,".
43
44
House Journal, April 29
18 SB24-152 be amended as follows, and as so amended, be referred to
19 the Committee on Appropriations with favorable
20 recommendation:
21
22 Amend reengrossed bill, page 8, line 23, after "(7)" insert "(a)".
23
24 Page 9, after line 8 insert:
25
26 "(b) FOR PURPOSES OF DETERMINING THE ESTIMATE OF STATE
27 REVENUES AS SET FORTH IN SUBSECTION (7)(a) OF THIS SECTION, IN THE
28 JUNE 2025 REVENUE FORECAST AND EACH JUNE REVENUE FORECAST
29 THEREAFTER THROUGH THE JUNE 2029 REVENUE FORECAST, LEGISLATIVE
30 COUNCIL STAFF OR THE OFFICE OF STATE PLANNING AND BUDGETING
31 SHALL EXCLUDE THE PROJECTED AGGREGATE AMOUNT OF THE CREDIT
32 ALLOWED BY THIS SECTION FOR THE TAX YEAR IN THEIR ESTIMATE OF
33 FISCAL YEAR SPENDING FOR THE STATE FISCAL YEAR.".
34
35