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 <ins>"(1)"</ins> on line 13.
By replacing <ins>"2027, 2028, or 2029"</ins> on lines 15 and 16 with <ins>"2027 or 2028".
</ins> By replacing lines 19 through 24 with the following:
<ins>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."
</ins>