Reference is to Printer's Date 2/14/17--H.
Amend the bill, as and if amended, by striking SECTION 3 in its entirety and inserting:
/ SECTION 3. Section 12-28-310 of the 1976 Code is amended by adding an appropriately lettered subsection to read:
"( ) On July 1,
2017, and each July first thereafter until after July 1, 2021,
the department permanently shall increase the amount of the user
fees imposed pursuant to subsection (A) by two cents, for a
total of ten cents. Then on July 1, 2022, the department
permanently shall increase the amount of the user fee imposed
pursuant to subsection (A) by one cent. All of the funds raised
by the increase in the motor fuel user fee imposed by this
subsection must be credited to the Infrastructure Maintenance
Trust Fund." /
Amend further by adding an appropriately numbered SECTION to
read:
/ SECTION _. Article 25, Chapter 6, Title 12 of the 1976 Code is amended by adding:
"Section 12-6-3765. Beginning in tax year 2022, a resident individual who owns a vehicle may claim an income tax credit equal to fifty dollars to offset the increase in the motor fuel user fee. Individuals filing jointly who own at least two vehicles are eligible to claim a tax credit equal to one hundred dollars. A business owner may claim the tax credit for a vehicle if he owns at least a portion of the business. A taxpayer may not claim more than one tax credit. The department may require the proof it determines necessary to implement the provisions of this section." /
Renumber sections to conform.
Amend title to conform.