The Committee on Ways and Means proposes the following Amendment No. 1 to H. 3136 (COUNCIL\DG\3136C001.NBD.DG19):

Reference is to the bill as introduced.

Amend the bill, as and if amended, by striking SECTION 2 and inserting:

/      SECTION      2.      Section 12-6-3790(D)(1)(a) of the 1976 Code is amended to read:

     (D)(1)(a) Tax credits authorized by subsection (H)(1) and subsection (I) annually may not exceed cumulatively a total of twelve twenty million dollars for contributions to the Educational Credit for Exceptional Needs Children's Fund, unless an increased limit is authorized in the annual general appropriations act.      

SECTION      3.      This act takes effect upon approval by the Governor and the adjustments first apply to the cumulative total for tax year 2020.      /

Renumber sections to conform.
Amend title to conform.