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___________________ moved that SB 111 be amended as follows:

     On the printed bill, delete everything after the enacting clause and insert:

"
     Section 1. The Executive Board of the Legislative Research Council shall appoint an interim legislative committee to study the state and local taxes imposed on the telecommunications industry and the distribution of tax revenue among the various jurisdictions. The committee shall study the current telecommunications tax structure using the principles of efficiency, neutrality, equity, and simplicity to guide their work. These terms mean:

             (1)    "Tax efficiency," the extent to which a tax distorts economic decision making and resource allocation;

             (2)    "Competitive neutrality," whether a tax distorts economic decision making and resource allocation;

             (3)    "Tax equity," a fundamental sense of fairness in the incidence of the tax system, or who bears the burden of the taxes; and

             (4)    "Administrative simplicity," how complex and costly a tax is to administer and collect.

    The committee shall make a report of its findings and its recommendations to the Executive Board of the Legislative Research Council."