Not Germane

AMENDMENT NO 1 PROPOSED TO

Senate Bill No. 3118

BY: Representatives Reeves, Franks

     AMEND by inserting the following language after line 172:

     "(bb)  From and after July 1, 2007, retail sales of food for human consumption not purchased with food stamps issued by the United States Department of Agriculture, or other federal agency, but which would be exempt under paragraph (o) of this section from the taxes imposed by this chapter if the food were purchased with food stamps, shall be exempt from the taxes imposed on such transactions as follows: 

          (a)  From and after July 1, 2007, through June 30, 2008, such sales shall be exempt from twenty percent (20%) of  such taxes;

          (b)  From and after July 1, 2008, through June 30, 2009, such sales shall be exempt from forty percent (40%) of such taxes;

          (c)  From and after July 1, 2009, through June 30, 2010, such sales shall be exempt from sixty percent (60%) of  such taxes;   

          (d)  From and after July 1, 2010, through June 30, 2011, such sales shall be exempt from eighty percent (80&) of such taxes; 

          (e)  From and after July 1, 2011, such sales shall be exempt from taxation under this chapter."