***Lost***
AMENDMENT No. 3 PROPOSED TO
Committee Sub. for HB NO. 13
By Representative(s) Denny, Ellington, Montgomery(74)
AMEND by deleting lines 75 through 80 in their entirety and inserting the following in lieu thereof:
(3) In all civil actions where an entitlement to punitive damages shall have been established under applicable laws, no award of punitive damages shall exceed the greater of two percent (2%) of the defendant's net worth or One Million Dollars ($1,000,000.00); however, in no event shall an award of punitive damages exceed Ten Million Dollars ($10,000,000.00). The restriction on punitive damages under this subsection shall not be applicable if
AMEND FURTHER, the title, line 2, by deleting the words "AGAINST A SMALL BUSINESS" and inserting in lieu thereof the words "IN CIVIL ACTIONS"