Rep. PACE proposes the following amendment (LC-4216.DG0022H):

Amend the bill, as and if amended, SECTION 3, by striking Section 12-6-1140(15)(b)(i), (ii), and (iii) and inserting:

  (b)(i) The deduction set forth in subitem (a)(i) is subject to being reduced by a fraction whereby the numerator is the amount the taxpayer's federal adjusted gross income exceeds forty fifty thousand dollars and the denominator is fifty-five thousand.
   (ii) The deduction set forth in subitem (a)(ii) is subject to being reduced by a fraction whereby the numerator is the amount the taxpayer's federal adjusted gross income exceeds sixty seventy-five thousand dollars and the denominator is eighty-two thousand five hundred.
   (iii) The deduction set forth in subitem (a)(iii) is subject to being reduced by a fraction whereby the numerator is the amount the taxpayer's federal adjusted gross income exceeds eighty one hundred thousand dollars and the denominator is one hundred ten thousand.

Renumber sections to conform.

Amend title to conform.