Amendment #101 to H4599

Penalty for Gaming Agricultural Land Estate Tax Exemption

Mr. Kulik of Worthington moves to amend the bill in Section 19, in lines 924-925, by striking out the words:

“within 1 year of the applicable date; and 15 per cent of the savings if such date occurs within 2 years, but more than 1 year, of the applicable date.”

and inserting in place thereof the words “within 24 months of the applicable date; 15 per cent of the savings if such date occurs within 42 months, but more than 24 months, of the applicable date; and 7.5 per cent of the savings if such occurs within 60 months, but more than 42 months, of the applicable date.”