‘ 4. Repeal. This section is repealed December 31, 2011.’
Amend the bill in section 1 in §5219-BB in subsection 2 in the 7th line (page 1, line 17 in L.D.) by inserting after the following: " generator" the following: ' or in more than one taxable year'
Amend the bill in section 1 in §5219-BB by inserting after subsection 3 the following:
Amend the bill in section 2 in the 2nd line (page 1, line 26 in L.D.) by striking out the following: "2007" and inserting the following: '2008'
Amend the bill by inserting after section 2 the following:
‘Sec. 3. Appropriations and allocations. The following appropriations and allocations are made.
ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF
Revenue Services - Bureau of 0002
Initiative: Provides one-time funds for the computer programming costs associated with the small wind power generator tax credit.
| GENERAL FUND | 2007-08 | 2008-09 |
|
All Other
|
$0 | $22,000 |
 |
|
|
| GENERAL FUND TOTAL | $0 | $22,000 |
summary
This amendment provides that the credit for a small wind power generator may be claimed only once and limits the credit to tax years beginning in 2008 to 2011.
FISCAL NOTE REQUIRED
(See attached)