AMENDMENT FOR PRINTED BILL
1200wc

___________________ moved that HB 1200 be amended as follows:


    On page 1, line 9, of the printed bill, after "additional" insert "or lease".

    On page 1, line 12, after "issued" insert "or leased".

    On page 1, line 14, after "issued" insert "or leased".

    On page 1, line 15, after "issued" insert "or leased".

    On page 2, line 2, after "issued" insert "or leased".

    On page 2, line 6, remove the overstrikes from "at least".

    On page 2, line 8, remove the overstrikes from "at least".

    On page 2, line 16, delete everything after "fee." .

    On page 2, delete lines 17 and 18.

    On page 3, line 10, delete "ten" and insert "seven".

    On page 4, delete lines 5 to 24, inclusive, and insert:

"    Section 5. That § 35-4-120 be repealed.

    35-4-120. Upon the adoption of an ordinance pursuant to § 35-4-111, any person who purchased an on-sale license issued pursuant to subdivision 35-4-2(4) or (6) between January 1, 2003, and January 1, 2008, and who owned the license on January 1, 2008, shall report to the municipality or county that issued the license the amount paid for the license. If the municipality or county that issued the on-sale license adopts an ordinance pursuant to § 35-4-111, and requests from any other licensee the amount originally paid for any other on-sale license pursuant to § 35-4-117, the licensee shall report that amount to the municipality or county. The declared purchase price shall be made under oath and shall include the documents establishing the amount paid for the on-sale license. If the transaction included other personal property or real property, the full market value of such property on the date of the transaction shall be deducted from the total purchase price to establish the amount paid for the license. The person who owned the license on January 1, 2008, has the burden of establishing the amount paid for the license. If the amount reported is used to determine current fair market value pursuant to § 35-4-117, any licensee who contends that the amount does not accurately reflect the fair market value of the license on the date of purchase may file an objection to the report. The objection shall be filed with the municipality or county within thirty days of the date the license fee is set pursuant to § 35-4-116. If an objection is filed, the governing board of the municipality or county shall conduct a hearing to determine the fair market value of the license. The determination of the governing board may be appealed to circuit court. ".