Amend the bill, as and if amended, Part IB, Section 118, STATEWIDE REVENUE, page 530, after line 21, by adding an appropriately numbered new proviso to read:
/ (SR: License Tax Credit) In the current fiscal year, any company subject to a license tax may claim a credit against its license tax liability for amounts paid in cash to provide infrastructure for a county or municipality-owned playground facility featuring Americans with Disabilities Act approved play equipment that occupies at least four acres, costs at least one million dollars, and for which at least seven hundred fifty thousand dollars of nonpublic dollars has been committed. This paragraph only applies if the playground is located in a county in which at least nineteen million dollars in state accommodations tax has been collected in the previous fiscal year. For purposes of this paragraph, infrastructure means improvements considered necessary, suitable, or useful for the playground, including, but not limited to, costs of land acquisition and preparation, construction of facilities and venues, improvements and upgrades to existing facilities and venues, and any other capital costs incurred in the acquisition, construction, and operation of the playground. The credit allowed by this paragraph only may be claimed if the contribution is made within the current fiscal year, and it must be claimed for the tax year ending in the fiscal year. Any amended return must be filed before the end of the fiscal year. /
Renumber sections to conform.
Amend sections, totals and title to conform.