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1996 SESSION

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(HB772)

AMENDMENTS PROPOSED BY THE SENATE COMMITTEE ON FINANCE

    1. Page 1, engrossed, line 17, after third parties

      strike

        , authorizing such third parties

    2. Page 1, engrossed, line 42, after agreement.

      insert

        No payment may be requested pursuant to this subsection unless the third party has demonstrated to the satisfaction of the treasurer that good-faith efforts to collect the obligations arising under the tax payment agreement have been made and that, notwithstanding these efforts, the taxpayer is more than 30 days delinquent in his obligations arising under the agreement.

FLOOR AMENDMENTS (BARRY) AGREED TO BY SENATE

    1. Page 1, engrossed, line 26, after interest

      insert

        , exclusive of any origination fee,

    2. Page 1, engrossed, line 27, after per annum.

      insert

        Such agreements may provide for the payment by the taxpayer of an origination fee at a rate approved by the treasurer which shall not exceed ten percent of the amount paid by the third party.

    3. Page 1, engrossed, line 27, after No interest

      insert

        , excluding any origination fee paid by the taxpayer,