HF 8

FIRST ENGROSSMENT

Tax conformity provided for tax year 2006 to the federal teacher expense deduction, tuition subtraction, and other provisions of the Tax Relief and Health Care Act, Heroes Earned Retirement Opportunity Act, and Pension Protection Plan.

Section 1: Net income taxable years specified

Sec. 2: Subtractions from federal taxable income clarified

Sec. 3-4: Internal Revenue Code definition expanded

JAJ 1/11/07