SB392 HFA Hornbuckle 3-12 #1

Altizer 3259

Delegate Hornbuckle moves to amend "SB392 HFIN AM" on page 10, Section 4j, by striking out lines 13 through 19 in their entirety and inserting in lieu thereof, the following:

"Not over $25,000 0.00% of the taxable income

Over $25,000 but not over $40,000 2.81% of excess over $25,000

Over $40,000 but not over $75,000 $421.50 plus 3.16% of excess over $40,000

Over $75,000 but not over $100,000          $1,527.50 plus 4.22% of excess over $75,000

Over $100,000 but not over $ 150,000        $2,582.50 plus 4.58% of excess over $100,000

Over $150,000                                               $4,872.50 plus 4.75% of excess over $150,000"    

And,

On page 10, Section 4j, by striking out lines 27 through 31 in their entirety and inserting in lieu thereof, the following:     

"Not over $12,500 0% of the taxable income

Over $12,500 but not over $20,000          2.81% of excess over $12,500

Over $20,000 but not over $37, 500          $210.75 plus 3.16% of excess over $20,000

Over $37,500 but not over $50,000             $763.75 plus 4.22% of excess over $37,500

Over $50,000 but not over $75,000          $1,291.25 plus 4.58% of excess over $50,000

Over $75,000                                                 $2,436.25 plus 4.75% of excess over $75,000"