GOVERNOR'S RECOMMENDATION

1. Line 225, enrolled, after $2,000

strike

$4,000

insert

the allowable amount provided in subdivision 7 d

2. Line 228, enrolled, after $2,000

strike

$4,000

insert

the allowable amount provided in subdivision 7 d

3. Line 231, enrolled, after $2,000

strike

$4,000

insert

the allowable amount provided in subdivision 7 d

4. Line 252, enrolled, at the beginning of the line

insert

d. (i) The allowable amount of the deduction shall be $2,000 for taxable years beginning on or after January 1, 1998.

(ii) The allowable amount of the deduction shall be $2,500 for the taxable year beginning January 1, 2009.

(iii) The allowable amount of the deduction shall be $3,000 for the taxable year beginning January 1, 2010.

(iv) The allowable amount of the deduction shall be $3,500 for the taxable year beginning January 1, 2011.

(v) The allowable amount of the deduction shall be $4,000 for taxable years beginning on or after January 1, 2012.

5. Line 295, enrolled

strike

all of lines 295 and 296