1.1    .................... moves to amend H.F. No. 4208 as follows:
1.2Page 5, after line 2, insert:

1.3    "Sec. 3. Minnesota Statutes 2006, section 290.06, subdivision 1, is amended to read:
1.4    Subdivision 1. Computation, corporations. (a) For taxable years beginning before
1.5January 1, 2010, the franchise tax imposed upon corporations shall be computed by
1.6applying to their taxable income the rate of 9.8 percent.
1.7    (b) For taxable years beginning after December 31, 2009, the rate listed below
1.8applies to taxable years beginning during the calendar year referenced below.

1.9 1.10	Taxable years beginning during calendar year:	Tax rate
1.11	2010	8.8 percent
1.12	2011	7.8 percent
1.13	2012	6.8 percent
1.14	2013	5.8 percent
1.15	2014	4.8 percent
1.16	2015	3.8 percent
1.17	2016	2.8 percent
1.18	2017	1.8 percent
1.19	2018	0.8 percent
1.20	2019 and later years	zero

1.21EFFECTIVE DATE.This section is effective for taxable years beginning after
1.22December 31, 2009."
1.23Page 16, delete lines 5 to 7
1.24Page 16, line 8, delete "(b)"
1.25Page 16, delete lines 10 to 11 and insert:
1.26"EFFECTIVE DATE.This section is effective June 30, 2009."