Rep. PACE proposes the following amendment (LC-4216.DG0024H):

Amend the bill, as and if amended, SECTION 1, by striking Section 12-6-510(C)(2), (3), and (4) and inserting:

(2) Notwithstanding the provisions of item (1), beginning with Tax Year 2027 and each year thereafter, the top marginal income tax rate set forth in item (1) must be decreased permanently in seven equal and cumulative installments so that after the seventh reduction the income tax rate equals zero percent. In the first year in which the reduction required by this item causes the otherwise top marginal rate to be less than 1.99 percent, and each year thereafter, the 1.99 percent rate must be reduced to the same rate as the otherwise top marginal rate as required by this item.

Renumber sections to conform. Amend title to conform.