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Amend the bill in section 1 in subsection 11-A in the 2nd line (page 1, line 4 in L.D.) by striking out the following: "on a continuous" and inserting the following: 'on an average monthly'
Amend the bill by striking out all of section 5 and inserting the following:
‘Sec. 5. Retroactivity. This Act applies retroactively to transactions for which an assessment was not made before April 1, 2009.’
 
SUMMARY
This amendment clarifies the definition of "retirement facility," removes the credit proposed in the bill and applies the exemption retroactively to transactions for which an assessment was not made before April 1, 2009.