1.1Senator Hoffman moved to amend
S.F. No. 263 as follows:
1.2Page 1, line 17, delete "
paycheck protection" and insert "
the following items"
1.3Page 1, delete lines 18 and 19
1.4Page 1, line 20, delete everything before the comma
1.5Page 1, line 21, strike the period and insert a colon
1.6Page 1, after line 21, insert:
1.7"
(1)(i) exclusion from gross income of paycheck protection loan forgiveness under
1.8section 1106 of Public Law 116-136; (ii) modifications to the paycheck protection
loan
1.9program under Public Laws 116-142, 116-139, and 116-147; and (iii) deductions allowed
1.10under section 276 of Public Law 116-260; and
1.11(2) for taxable years beginning after December 31, 2019, and before January 1, 2022,
1.12the exclusion from gross income of employer payments of student loans under section
2206
1.13of Public Law 116-136, and section 120 of Public Law 116-260."
1.14Page 5, line 3, delete "
paycheck protection loan forgiveness and allowable" and insert
1.15"
the following items,"
1.16Page 5, delete lines 4 and 5
1.17Page 5, line 7, strike the period and insert a colon
1.18Page 5, after line 7, insert:
1.19"
(1)(i) exclusion from gross income of paycheck protection loan forgiveness under
1.20section 1106 of Public Law 116-136; (ii) modifications to the paycheck protection
loan
1.21program under Public Laws 116-142, 116-139, and 116-147; and (iii) deductions allowed
1.22under section 276 of Public Law 116-260; and
1.23(2) for taxable years beginning after December 31, 2019, and before January 1, 2022,
1.24the exclusion from gross income of employer payments of student loans under section
2206
1.25of Public Law 116-136, and section 120 of Public Law 116-260."
1.26Page 5, line 19, delete "
paycheck protection loan" and insert "
the following items"
1.27Page 5, delete lines 20 and 21
1.28Page 5, line 22, delete everything before the comma
1.29Page 5, line 23, strike the period and insert a colon
1.30Page 5, after line 23, insert:
2.1"
(1)(i) exclusion from gross income of paycheck protection loan forgiveness under
2.2section 1106 of Public Law 116-136; (ii) modifications to the paycheck protection
loan
2.3program under Public Laws 116-142, 116-139, and 116-147; and (iii) deductions allowed
2.4under section 276 of Public Law 116-260; and
2.5(2) for taxable years beginning after December 31, 2019, and before January 1, 2022,
2.6the exclusion from gross income of employer payments of student loans under section
2206
2.7of Public Law 116-136, and section 120 of Public Law 116-260."
2.8Page 13, delete lines 25 and 26 and insert "
of the following items"
2.9Page 13, line 27, delete everything before the second comma
2.10Page 13, line 28, strike the period and insert a colon
2.11Page 13, after line 28, insert:
2.12"
(1)(i) exclusion from gross income of paycheck protection loan forgiveness under
2.13section 1106 of Public Law 116-136; (ii) modifications to the paycheck protection
loan
2.14program under Public Laws 116-142, 116-139, and 116-147; and (iii) deductions allowed
2.15under section 276 of Public Law 116-260; and
2.16(2) for taxable years beginning after December 31, 2019, and before January 1, 2022,
2.17the exclusion from gross income of employer payments of student loans under section
2206
2.18of Public Law 116-136, and section 120 of Public Law 116-260."
2.19Page 17, line 18, delete everything after "
of" and insert "
the following items,"
2.20Page 17, delete lines 19 and 20
2.21Page 17, line 22, strike the period and insert a colon
2.22Page 17, after line 22, insert:
2.23"
(1)(i) exclusion from gross income of paycheck protection loan forgiveness under
2.24section 1106 of Public Law 116-136; (ii) modifications to the paycheck protection
loan
2.25program under Public Laws 116-142, 116-139, and 116-147; and (iii) deductions allowed
2.26under section 276 of Public Law 116-260; and
2.27(2) for taxable years beginning after December 31, 2019, and before January 1, 2022,
2.28the exclusion from gross income of employer payments of student loans under section
2206
2.29of Public Law 116-136, and section 120 of Public Law 116-260."
2.30Page 18, line 8, delete everything after the first "
of" and insert "
the following items"
2.31Page 18, delete line 9
3.1Page 18, line 10, delete everything before the third comma
3.2Page 18, line 11, strike the period and insert a colon
3.3Page 18, after line 11, insert:
3.4"
(1)(i) exclusion from gross income of paycheck protection loan forgiveness under
3.5section 1106 of Public Law 116-136; (ii) modifications to the paycheck protection
loan
3.6program under Public Laws 116-142, 116-139, and 116-147; and (iii) deductions allowed
3.7under section 276 of Public Law 116-260; and
3.8(2) for taxable years beginning after December 31, 2019, and before January 1, 2022,
3.9the exclusion from gross income of employer payments of student loans under section
2206
3.10of Public Law 116-136, and section 120 of Public Law 116-260."
3.11The motion prevailed. #did not prevail. So the amendment was #not adopted.