1994-04-11                     House Journal                      Page 3247
HB 498                                                                       
Disallowance of the claim of the exploration incentive credit                 
under this subsection precludes allowance in any subsequent                    
year of the claim based on that activity."                                     
                                                                               
Page 3, line 15, after "CREDIT.":                                              
	Insert "(a)"                                                                  
                                                                               
Page 3, following line 20:                                                     
	Insert a new subsection to read:                                              
	"(b)  The commissioner shall disallow the use of a claim of an               
exploration incentive credit under this chapter in any year in which           
the commissioner determines that the qualified applicant owes a                
debt to a state agency or to a public corporation of the state,                
unless the debt has been contested and an appeal is pending or                 
unless the time limit for filing an appeal of the debt has not                 
expired.  Disallowance of the use of the claim of the exploration              
incentive credit under this subsection does not extend the time in             
which the credit may be used under (a)(1) of this section."                    
                                                                               
                                                                               
Representative Brown moved and asked unanimous consent that                    
Amendment No. 4 be adopted.                                                    
                                                                               
                                                                               
Representative Phillips objected.                                              
                                                                               
                                                                               
Amendment to Amendment No. 4 was offered  by Representative                     
Ulmer:                                                                         
                                                                               
In new subsections (e) and (b), after "qualified applicant":                   
                                                                               
Delete "owes a debt"                                                          
Insert "is in default in payments owed"                                       
                                                                               
                                                                               
Representative Ulmer moved and asked unanimous consent that the                
amendment to Amendment No. 4 be adopted.  There being no                       
objection, it was so ordered.