AMENDMENTS PROPOSED BY THE COMMITTEE ON COUNTIES, CITIES AND TOWNS

1. Page 1, introduced, line 53, after provided,

strike

the remainder of line 53, all of line 54, all of lines 1 through 9 on page 2 and through enterprise on line 10

insert

that facilities for commercial enterprises that are taxable authority facilities shall constitute authority facilities only if the interest on any bonds issued to finance such facilities is not exempt from federal income taxation

2. Page 3, introduced, after line 8

insert

(l) "Taxable authority facilities" means any private or commercial golf course, country club, massage parlor, tennis club, skating facility (including roller skating, skateboard and ice skating), racquet sports facility, suntan facility, race track, single or multi-family residence, or a facility the primary purpose of which is one of the following: (1) retail food and beverage services (excluding grocery stores), (2) automobile sales and service, (3) the provision of recreation or entertainment, or (4) banks, savings and loan institutions or mortgage loan companies.