Senator Hutto proposes the following amendment (SMIN-4216.MW0003S):

Amend the bill, as and if amended, SECTION 7, by striking Section 12-6-3632 and inserting:

 Section 12-6-3632. (A)There is allowed as a nonrefundable credit against the tax imposed pursuant to Section 12-6-510 on a full-year resident individual taxpayer an amount equal to one hundred twenty-five percent of the federal earned income tax credit (EITC) allowed the taxpayer pursuant to Internal Revenue Code Section 32, but not to exceed two hundred dollars.
 (B) In addition to the credit allowed pursuant to subsection (A), there is allowed as a refundable credit against the tax imposed pursuant to Section 12-6-510 on a full-year resident individual taxpayer an amount equal to ten percent of the federal earned income tax credit (EITC) allowed the taxpayer pursuant to Internal Revenue Code Section 32, but not to exceed four hundred dollars. To claim the credit allowed by this subsection, the taxpayer must have at least one qualifying dependent and an adjusted gross income of no more than eighty thousand dollars. Each year, for credits claimed pursuant to this subsection, the department shall issue a report to the General Assembly detailing the total number of credits claimed, the average credit amount, and a geographic distribution of where such taxpayers reside.

Renumber sections to conform.

Amend title to conform.