2013-02-27                     Senate Journal                      Page 0420
SB 7                                                                                                                          
SENATE BILL NO. 7 "An Act relating to the computation of the tax                                                                
on the taxable income of a corporation derived from sources within the                                                          
state" was read the second time.                                                                                                
                                                                                                                                

2013-02-27                     Senate Journal                      Page 0421
Senator Wielechowski offered Amendment No. 1 :                                                                                   
                                                                                                                                
Page 1, line 8:                                                                                                                 
  Delete "1 percent of the taxable income"                                                                                      
  Insert "zero [1 PERCENT OF THE TAXABLE INCOME]"                                                                           
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 1.                                                                 
Senator Coghill objected, then withdrew his objection. There being no                                                           
further objection, Amendment No. 1 was adopted.                                                                                 
                                                                                                                                
Senator Wielechowski offered Amendment No. 2 :                                                                                   
                                                                                                                                
Page 1, line 8:                                                                                                                 
  Delete "1 percent of the taxable income"                                                                                      
  Insert "zero [1 PERCENT OF THE TAXABLE INCOME]"                                                                           
                                                                                                                                
Page 1, line 10:                                                                                                                
  Delete "$49,000"                                                                                                          
  Insert "$100,000"                                                                                                         
                                                                                                                                
Page 1, line 12:                                                                                                                
  Delete "$49,000"                                                                                                          
  Insert "$100,000"                                                                                                         
  Delete "$730"                                                                                                             
  Insert "$2,500"                                                                                                           
  Delete "3"                                                                                                                    
  Insert "5 [3]"                                                                                                            
                                                                                                                                
Page 1, line 13:                                                                                                                
  Delete "$74,000"                                                                                                          
  Insert "$200,000"                                                                                                         
  Delete "$49,000"                                                                                                          
  Insert "$100,000"                                                                                                         
                                                                                                                                
Page 2, lines 1 - 18:                                                                                                           
  Delete all material and insert:                                                                                               
  "[$30,000 BUT LESS THAN $40,000 $600 PLUS 4 PERCENT                                                                           
                                               OF THE TAXABLE                                                                   
                             INCOME OVER $30,000                                                                               
                                                                                                                                

2013-02-27                     Senate Journal                      Page 0422
             $40,000 BUT LESS THAN $50,000 $1,000 PLUS 5 PERCENT                                                               
                                               OF THE TAXABLE                                                                   
                             INCOME OVER $40,000                                                                               
                                                                                                                                
             $50,000 BUT LESS THAN $60,000 $1,500 PLUS 6 PERCENT                                                               
                                               OF THE TAXABLE                                                                   
                             INCOME OVER $50,000                                                                               
                                                                                                                                
             $60,000 BUT LESS THAN $70,000 $2,100 PLUS 7 PERCENT                                                               
                                               OF THE TAXABLE                                                                   
                             INCOME OVER $60,000                                                                               
                                                                                                                                
             $70,000 BUT LESS THAN $80,000 $2,800 PLUS 8 PERCENT                                                               
                                               OF THE TAXABLE                                                                   
                             INCOME OVER $70,000                                                                               
                                                                                                                                
             $80,000 BUT LESS THAN $90,000 $3,600 PLUS 9 PERCENT                                                               
                                               OF THE TAXABLE                                                                   
                            INCOME OVER $80,000]"                                                                              
                                                                                                                                
Page 2, line 19:                                                                                                                
  Delete "$222,000"                                                                                                         
  Insert "$200,000"                                                                                                         
  Delete "$11,080"                                                                                                          
  Insert "$10,000"                                                                                                          
                                                                                                                                
Page 2, line 20:                                                                                                                
  Delete "$222,000"                                                                                                         
  Insert "$200,000"                                                                                                         
                                                                                                                                
Senator Wielechowski moved for the adoption of Amendment No. 2.                                                                 
Senator Giessel objected.                                                                                                       
                                                                                                                                
The question being: "Shall Amendment No. 2 be adopted?" The roll                                                                
was taken with the following result:                                                                                            
                                                                                                                                
                                                                                                                                
                                                                                                                                
                                                                                                                                
                                                                                                                                

2013-02-27                     Senate Journal                      Page 0423
SB 7 am                                                                                                                         
Second Reading                                                                                                                  
Amendment No. 2                                                                                                                 
                                                                                                                                
YEAS:  5   NAYS:  15   EXCUSED:  0   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Ellis, French, Hoffman, Olson, Wielechowski                                                                              
                                                                                                                                
Nays:  Bishop, Coghill, Dunleavy, Dyson, Egan, Fairclough, Gardner,                                                             
Giessel, Huggins, Kelly, McGuire, Meyer, Micciche, Stedman,                                                                     
Stevens                                                                                                                         
                                                                                                                                
and so, Amendment No. 2 failed.                                                                                                 
                                                                                                                                
President Huggins stated SENATE BILL NO. 7 am will advance to                                                                   
third reading on the February 28 calendar.