Senator HARPOOTLIAN proposes the following amendment (SA\4100C019.NBD.SA21.DOCX):

Amend the bill, as and if amended, Part IB, Section 118, STATEWIDE REVENUE, page 555, after line 23, by adding an appropriately numbered new proviso to read:

/ (SR: Tax Credits) For the income tax year that ends in the current fiscal year, rehabilitation expenses made at a property that is located within half a mile of a public university with an enrollment of at least 30,000 students in a business district that has a commercial vacancy rate of at least ten percent qualifies for the abandoned buildings tax credit if the building has been unoccupied for at least one year at the time of the filing of notice of intent for the tax credit, and the proposed investment is in excess of $25 million. Any rehabilitation expenses made in the next income tax year but in the current fiscal year may count towards the credit in the previous income tax year. /

Amend sections, totals and title to conform.