1276fb

     On page 1, line 9, of the printed bill, after " any " insert " person that has a ".

     On page 1, line 11, delete " shall " and insert " , but did not apply for a permit before January 1, 2009, may ".

     On page 1, line 11, after " 2009 " insert " , if the person agrees to the conditions established in section 2 of this Act ".

     On page 2, after line 1, insert:

"
     Section 2. That chapter 10-45B be amended by adding thereto a NEW SECTION to read as follows:

    

     The person agrees to only receive seventy-five percent of the total refund or credit for the sales and use tax and contractors' excise tax that the person would otherwise qualify to receive pursuant to this chapter.

     Notwithstanding the provisions of §  10-45B-8, the secretary shall determine and pay five percent of the amount of the tax refund within ninety days of receipt of the return to the claimant in accordance with §§ 10-59-22 and 10-59-23, and ninety-five percent shall be withheld by the department until July 1, 2011. No interest shall be paid on the refund amount.".