View Amendment Current Amendment: 4577C001.BBM.DG16.docx to Bill 4577     The Committee on Finance proposed the following amendment (BBM\4577C001.BBM.DG16):
    Amend the bill, as and if amended, by striking all after the enacting words and inserting:

/     SECTION     1.     Section 55-5-280(B) of the 1976 Code, as last amended by Act 270 of 2012, is further amended to read:

    "(B)     In any fiscal year in which the tax levied by the State pursuant to Section 12-37-2410, et seq., exceeds five two and one half million dollars, the revenues in excess of five two and one half million dollars must be directed to the State Aviation Fund; however, any revenue in excess of ten five million dollars must be credited in equal amounts to the general fund and the State Aviation Fund."

SECTION     2.     This act takes effect upon approval by the Governor and first applies to Fiscal Year 2016-2017.     /

    Renumber sections to conform.
    Amend title to conform.