Rep. Magnuson proposes the following amendment (LC-3951.PH0006H):

Amend the bill, as and if amended, SECTION 2, by striking Section 46-57-10(5) and inserting:

(5) "Matching payment" means payment for qualifying projects not to exceed fifty percent of the value of the qualified interest in land, dispersed each year by not more than the property tax liability of the land for that year until the fifty percent limitation, as determined by the most recent property tax assessment, is reached.