View Amendment Current Amendment: 428C004.BBM.DG17.docx to Bill 428     The Committee on Finance proposed the following amendment (DG\428C004.BBM.DG17):
    Amend the bill, as and if amended, beginning on page 2, by striking line 37 through line 8 on page 3 and inserting:

/                     (7)     receipts from the provision of direct broadcast satellite service that are attributable to this State in pro rata proportion of the costs of performing the service, including the costs of acquiring programming distribution rights and constructing and maintaining distribution infrastructure, that the service provider incurs within this State. As used in this subsection, the term 'direct broadcast satellite service' means the distribution or broadcasting of programming or services by satellite directly to the subscriber's premises without the use of ground receiving or distribution equipment, except at the subscriber's premises or in the uplink process to the satellite."

SECTION     2.     Section 12-14-60(G) of the 1976 Code is amended to read:

    "(G)     The credit allowed by this section for investments made after June 30, 1998, is limited to no more than five million dollars annually for an entity subject to the license tax as provided in Section 12-20-100."    

SECTION     3.     This act takes effect upon approval by the Governor and applies to all open tax periods excluding assessments under judicial review as of the date of the Governor's approval.         /

    Renumber sections to conform.
    Amend title to conform.