Rep. PACE proposes the following amendment (LC-4216.DG0025H):

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 top marginal income tax rate equals 1.99 percent. In the first year in which both tax rates set forth in item (1) equal 1.99 percent and each year thereafter, both 1.99 percent income tax rates must be decreased permanently in three equal and cumulative installments so that after the third reduction, both rates equal zero percent.

Renumber sections to conform.Amend title to conform.