Amendment AA5-ASA1-AB2

LRBa0144/1

JK:skw

2021 - 2022 LEGISLATURE

ASSEMBLY AMENDMENT 5, TO ASSEMBLY SUBSTITUTE AMENDMENT 1, TO ASSEMBLY BILL 2

February 10, 2021 - Offered by Joint Committee on Finance.

AB2-ASA1-AA5,1,1 At the locations indicated, amend the substitute amendment as follows:

AB2-ASA1-AA5,1,2 1. Page 41, line 18: after that line insert:

AB2-ASA1-AA5,1,3 “ Section 87m. 71.98 (10) of the statutes is created to read:

AB2-ASA1-AA5,1,10 71.98 (10) Paycheck protection program loan deduction. Notwithstanding the definitions for “Internal Revenue Code” in this chapter, for taxable years beginning after December 31, 2018, sections 276 (a) and (b) and 278 (a) of division N of P.L. 116-260, relating to the paycheck protection program loan deduction, except that no person convicted of fraud may claim the deduction and the department of revenue shall require repayment of the amount of any deduction under this subsection claimed by that person.”.

AB2-ASA1-AA5,1,11 (End)