Bill Amendment: AZ HB2528 | 2017 | Fifty-third Legislature 1st Regular
Bill Title: Index exemptions; unused tax credits
Status: 2017-05-10 - Chapter 299 [HB2528 Detail]
Download: Arizona-2017-HB2528-SENATE_-_Finance.html
Fifty-third Legislature Finance
First Regular Session H.B. 2528
PROPOSED AMENDMENT
SENATE AMENDMENTS TO H.B. 2528
(Reference to House engrossed bill)
Page 17, strike lines 42 and 43
Strike pages 18 through 22
Renumber to conform
Page 24, line 34, strike "43-1080," insert "43-1080,"
Line 36, strike ", 43-1169" insert ", 43-1169"
Line 39, strike "43-1076," insert "43-1076,"
Line 40, strike "43-1162," insert "43-1162,"
Page 26, strike lines 20 through 29, insert:
"8. The amount by which the depreciation or amortization computed under the internal revenue code with respect to property for which a credit was taken under section 43‑1080 exceeds the amount of depreciation or amortization computed pursuant to the internal revenue code on the Arizona adjusted basis of the property.
9. The amount by which the adjusted basis computed under the internal revenue code with respect to property for which a credit was claimed under section 43‑1080 and that is sold or otherwise disposed of during the taxable year exceeds the adjusted basis of the property computed under section 43‑1080."
Renumber to conform
Page 31, line 3, strike "13" insert "15"
Lines 8, 9 and 11, strike "14" insert "16"
Line 34, strike "16" insert "18"
Page 33, line 17, strike "43-1076,"; strike ", 43-1080"
Page 40, strike lines 43 through 45
Page 41, strike lines 1 through 7, insert:
"18. The amount by which the depreciation or amortization computed under the internal revenue code with respect to property for which a credit was taken under section 43‑1169 exceeds the amount of depreciation or amortization computed pursuant to the internal revenue code on the Arizona adjusted basis of the property.
19. The amount by which the adjusted basis computed under the internal revenue code with respect to property for which a credit was claimed under section 43‑1169 and that is sold or otherwise disposed of during the taxable year exceeds the adjusted basis of the property computed under section 43‑1169."
Renumber to conform
Page 42, line 2, strike "43-1162,"
Page 47, line 20, strike ", 43-1169"
Strike lines 27 through 35
Line 36, strike "B."
Amend title to conform
