Reference is to the bill as introduced.
Amend the bill, as and if amended, by striking Section 12-67-140(A)(1) as contained on page 4 and inserting:
/ (1) a credit against income taxes imposed pursuant to Chapter 6, Chapter 11, and Chapter 13 of this title or corporate license fees pursuant to Chapter 20 of this title, or both; or /
Amend the bill further, as and if amended, by striking Section 12-7-140(B)(5)(a) as contained on page 5 and inserting:
/ (a) the taxpayer's income tax liability for the taxable year if taxpayer claims the credit allowed by this section as a credit against income tax imposed pursuant to Chapter 6, Chapter 11, or Chapter 13 of this title; or /
Amend the bill further, as and if amended, page 7, by striking SECTION 2 in its entirety and inserting:
/ SECTION 2. This act takes effect upon approval by the Governor, and applies to the rehabilitation, renovation, and redevelopment of abandoned buildings begun within or after the tax year of the effective date of this chapter which are undertaken in conformity with the provisions of this act. /
Renumber sections to conform.
Amend title to conform.