2015 Session

Budget Amendments - HB1400 (Committee Approved)

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Subtraction for Sale of Land for Open Use (language only)

Item 3-5.15 #1h

Item 3-5.15 #1h

Adjustments and Modifications to Tax Collections
Subtraction for Sale of Land for Open Space Use

Page 517, line 14, after "§ 3-5.15"  strike the remainder of the line and insert "Omitted."
Page 517, strike lines 15 through 16.

(This amendment removes language that would eliminate the income tax subtraction for gain derived from the sale or exchange of land dedicated to open space use. Legislation authorizing these changes were not introduced in the House. If legislation introduced in the other body is adopted by the House, the revenues will be reflected at that time, but because there was no House legislation, the language is removed from the House budget.)