Revenue and taxation; adjustments; wagering; tax year; effective date.

The document header was changed to indicate this is the 'House Floor Version' instead of just the 'Committee Substitute'.

Page numbers and internal reference markers (like 'Req. No.') were replaced with new floor-specific identifiers.

Line numbers and spacing were adjusted to conform to the standard format used for floor debates and voting.

The title was changed from 'Proposed Policy Committee Substitute' to 'Committee Substitute' to reflect the bill's current status in the legislative process.

A summary line describing the bill's contents (revenue, taxation, adjustments, wagering, etc.) was added to the title page.

The page tracking numbers at the bottom of the document were updated from 'Req. No. 12644' to 'Req. No. 12997'.

The document header and title were updated to reflect that this is a proposed substitute version rather than the final enrolled bill.

The legislative history and citation references in the title were slightly rephrased to match the committee's amendment format.

The original 'Enrolled House Bill' formatting and signatures were removed and replaced with committee amendment metadata.

Updated the bill header to reflect the final sponsor list (Fetgatter and Fugate) and changed the statutory section reference from 'Section 2358' to 'Section 2358v3' in the final text.

Added a specific provision to allocate capital or ordinary gains from the sale of publicly traded partnership interests to the state based on the ratio of the partnership's tangible property located in the state to its total tangible property.

Established that if more than 50% of a partnership's assets are intangible, the gains from selling an ownership interest are still subject to this allocation rule.

The bill title and enacting clause were updated to include 'wagering' and 'tax adjustments' to better reflect the specific content of the amendment.

New statutory requirements were added to define how taxable income is calculated, specifically requiring the addition of interest from state obligations and the deduction of amounts the state is prohibited from taxing.

Detailed rules were added for adjusting federal net operating loss deductions, distinguishing between losses sustained before and after January 1, 1981, and specifying how carryovers and carrybacks are calculated.

New allocation rules were established for income from real and tangible personal property versus intangible personal property, including specific exceptions for unitary business enterprises and resident trusts.