Sen Floor Amend 1 AM 50 0131 to HB 360

ADOPTED Senators Dolezal of the 27th and Dixon of the 45th offered the following amendment #1: Amend HB 360 (LC 50 1163S) by replacing on line 3 "the credit" with "a reduced credit". By deleting "(1)" on line 13. By replacing "2027, 2028, or 2029" on lines 15 and 16 with "2027 or 2028". By replacing lines 19 through 24 with the following: on or before July 1, 2026; provided, however, that any taxpayer that claims tax credits pursuant to this subsection in tax year 2026 shall only be allowed to claim such credits in an amount: (A) Not to exceed 90 percent of the amount otherwise allowed pursuant to this Code section if such credit was preapproved for tax year 2027; or (B) Not to exceed 85 percent of the amount otherwise allowed pursuant to this Code section if such credit was preapproved for tax year 2028."