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Amend the bill in section 1 in §5219-BB in subsection 2 in the 7th line (page 1, line 17 in L.D.) by inserting after the following: "generator" the following: 'or in more than one taxable year'
Amend the bill in section 1 in §5219-BB by inserting after subsection 3 the following:
 
‘4.  Limitation.   A taxpayer claiming a credit under section 5219-AA may not also claim a credit under this section in any tax year for the same wind power generator.
 
5.  Repeal.  This section is repealed December 31, 2010.’
Amend the bill by inserting after section 2 the following:
‘Sec. 3. Appropriations and allocations. The following appropriations and allocations are made.
 
ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF
 
Revenue Services - Bureau of 0002
 
Initiative: Provides one-time funds for the computer programming costs associated with the small wind power generator tax credit.

GENERAL FUND	2007-08	2008-09	
All Other	$22,000	$0	
			
GENERAL FUND TOTAL	$22,000	$0	
 
’
 
SUMMARY
This amendment provides that the credit for a small wind power generator may be claimed in only one taxable year and that the credit may not be claimed if a credit is also claimed for the generator as a community wind power generator in any tax year. The amendment also provides for the repeal of the credit at the end of 2010.
FISCAL NOTE REQUIRED
(See attached)