Bill Amendment: AZ HB2272 | 2014 | Fifty-first Legislature 2nd Regular
Bill Title: Tax credits; capital investments; employment
Status: 2014-04-23 - Chapter 168 [HB2272 Detail]
Download: Arizona-2014-HB2272-HOUSE_ADOPTED_AMENDMENT_Forese_SUBSTITUTE_Floor_amendment_to_the_WAYS_AND_MEANS_Committee_amendment_Reference_to_printed_bill.html
Fifty-first Legislature Forese
Second Regular Session H.B. 2272
FORESE SUBSTITUTE FLOOR AMENDMENT
HOUSE OF REPRESENTATIVES AMENDMENTS TO H.B. 2272
I move the following SUBSTITUTE Floor amendment to the WAYS AND MEANS Committee amendment to
HOUSE BILL 2272 (Reference to printed bill)
Page 3, strike lines 14 through 21, insert:
"N. FOR the PURPOSES OF SUBSECTION B, PARAGRAPHS 2 AND 3 OF THIS SECTION, IF A FULL‑TIME EMPLOYEE IN THE QUALIFIED EMPLOYMENT POSITION LEAVES DURING THE TAXABLE YEAR, THE EMPLOYEE MAY BE REPLACED WITH ANOTHER NEW FULL‑TIME EMPLOYEE IN THE SAME EMPLOYMENT POSITION AND THE NEW EMPLOYEE WILL BE TREATED AS BEING IN THEIR SECOND OR THIRD FULL YEAR OF CONTINUOUS EMPLOYMENT FOR the PURPOSES OF THE CREDIT UNDER THIS SECTION IF:
1. THE TOTAL TIME THE POSITION WAS VACANT FROM THE DATE THE EMPLOYMENT POSITION WAS ORIGINALLY FILLED TO THE END OF THE CURRENT TAX YEAR TOTALS NINETY DAYS OR LESS.
2. THE NEW EMPLOYEE MEETS ALL OF THE SAME REQUIREMENTS AS THE ORIGINAL EMPLOYEE WAS REQUIRED TO MEET."
Page 4, lines 35, 38, 39 and 45, strike "twenty FORTY" insert "twenty"
Page 5, line 2, strike "twenty FORTY" insert "twenty"; strike the second "twenty"; line 3, strike "FORTY" insert "twenty"
Page 10, strike lines 14 through 21, insert:
"M. FOR the PURPOSES OF SUBSECTION B, PARAGRAPHS 2 AND 3 OF THIS SECTION, IF A FULL‑TIME EMPLOYEE IN THE QUALIFIED EMPLOYMENT POSITION LEAVES DURING THE TAXABLE YEAR, THE EMPLOYEE MAY BE REPLACED WITH ANOTHER NEW FULL‑TIME EMPLOYEE IN THE SAME EMPLOYMENT POSITION AND THE NEW EMPLOYEE WILL BE TREATED AS BEING IN THEIR SECOND OR THIRD FULL YEAR OF CONTINUOUS EMPLOYMENT FOR the PURPOSES OF THE CREDIT UNDER THIS SECTION IF:
1. THE TOTAL TIME THE POSITION WAS VACANT FROM THE DATE THE EMPLOYMENT POSITION WAS ORIGINALLY FILLED TO THE END OF THE CURRENT TAX YEAR TOTALS NINETY DAYS OR LESS.
2. THE NEW EMPLOYEE MEETS ALL OF THE SAME REQUIREMENTS AS THE ORIGINAL EMPLOYEE WAS REQUIRED TO MEET."
Page 13, strike lines 20 through 27, insert:
"M. FOR the PURPOSES OF SUBSECTION B, PARAGRAPHS 2 AND 3 OF THIS SECTION, IF A FULL‑TIME EMPLOYEE IN THE QUALIFIED EMPLOYMENT POSITION LEAVES DURING THE TAXABLE YEAR, THE EMPLOYEE MAY BE REPLACED WITH ANOTHER NEW FULL‑TIME EMPLOYEE IN THE SAME EMPLOYMENT POSITION AND THE NEW EMPLOYEE WILL BE TREATED AS BEING IN THEIR SECOND OR THIRD FULL YEAR OF CONTINUOUS EMPLOYMENT FOR the PURPOSES OF THE CREDIT UNDER THIS SECTION IF:
1. THE TOTAL TIME THE POSITION WAS VACANT FROM THE DATE THE EMPLOYMENT POSITION WAS ORIGINALLY FILLED TO THE END OF THE CURRENT TAX YEAR TOTALS NINETY DAYS OR LESS.
2. THE NEW EMPLOYEE MEETS ALL OF THE SAME REQUIREMENTS AS THE ORIGINAL EMPLOYEE WAS REQUIRED TO MEET.
Sec. 6. Retroactivity
Sections 20-224.03, 43-1074 and 43-1161, Arizona Revised Statutes, as amended by this act, are effective retroactively to from and after December 31, 2013."
