SENATE AMENDMENT

    Bill No. SB 704

    Amendment No.    

                            CHAMBER ACTION
              Senate                               House
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11  Senator Klein moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 5, line 22, after the comma

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16  insert:  including all qualified subchapter S subsidiaries

17  within the meaning of s. 1361 of the Internal Revenue Code,

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20  ================ T I T L E   A M E N D M E N T ===============

21  And the title is amended as follows:

22         On page 1, line 9, after the first semicolon

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24  insert:

25         redefining the term "taxable income" as applied

26         to a subchapter S subsidiary;

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    9:49 AM   04/24/98                                s0704c-28r91