Rep. BINGHAM proposes the following Amendment No. 4 to S. 36 (COUNCIL\BBM\10261HTC11):

Reference is to Printer's Date 51211-H.

Amend the bill, as and if amended, beginning on page 36-1 by striking SECTION 1 and inserting:

/ SECTION      1.      A.            SECTION 1B of Act 99 of 2007 is amended to read:

     "B.      (A)      Notwithstanding the sales and use rates imposed pursuant to Chapter 36, Title 12 of the 1976 Code, the rate of tax imposed pursuant to that chapter on the gross proceeds of sales of items described in subsection A of this section is five and one-half percent for such sales from July 1, 2007.
     (B)      Notwithstanding the sales and use rates imposed pursuant to Chapter 36, Title 12 of the 1976 Code, the rate of tax imposed pursuant to that chapter on the gross proceeds of sales of items described in subsection A of this section is three and one-half percent for such sales from July 1, 2011.
     (C)      Notwithstanding the sales and use rates imposed pursuant to Chapter 36, Title 12 of the 1976 Code, the rate of tax imposed pursuant to that chapter on the gross proceeds of sales of items described in subsection A of this section is one and three-quarters percent for such sales from July 1, 2012.
     (D)      Effective January 1, 2013, the sales tax exemption on the gross proceeds of sales of items described in subsection A is fully implemented and no sales and use tax may be imposed on the items described in subsection A." /

Renumber sections to conform.
Amend title to conform.