Adopted

AMENDMENT NO 1 PROPOSED TO

House Bill No. 1136

BY: Representative Lamar

AMEND by deleting Sections 2 through 4 of the bill and renumbering succeeding sections accordingly.

AMEND further on lines 609 and 708 by striking "5" and inserting in lieu thereof "2".

AMEND further on line 833 by striking "7" and inserting in lieu thereof "4".

AMEND further on lines 895 and 994 by striking "9" and inserting in lieu thereof "6".

AMEND further on line 1370 by striking "Sections 2 and 7" and inserting in lieu thereof "Section 4" and on line 1371 by striking "new sections" and inserting in lieu thereof "a new section".

AMEND further on line 1372 by striking "1, 2, 3, 4, 7, 8 and 13" and inserting in lieu thereof "4 and 5".

AMEND further the title on lines 2 through 12 by deleting the following:

"TO PROVIDE FOR A REBATE PROGRAM IN WHICH AN INDIVIDUAL WHO IS A RECENT GRADUATE OF A COLLEGE OR UNIVERSITY IN MISSISSIPPI OR OUTSIDE MISSISSIPPI, AND IS A RESIDENT OF THIS STATE EMPLOYED IN A QUALIFYING JOB IN THIS STATE MAY PARTICIPATE AND RECEIVE A REBATE IN AN AMOUNT EQUAL TO ALL OR A PORTION OF THE AMOUNT OF THE INDIVIDUAL'S STATE INCOME TAX LIABILITY FOR A FIVE-YEAR PERIOD IN WHICH THE INDIVIDUAL PARTICIPATES IN THE PROGRAM; TO DEFINE CERTAIN TERMS USED IN THIS ACT; TO AMEND SECTION 27-7-15, MISSISSIPPI CODE OF 1972, TO EXCLUDE REBATES RECEIVED UNDER THIS ACT FROM THE DEFINITION OF THE TERM "GROSS INCOME" FOR PURPOSES OF THE STATE INCOME TAX LAW;"