Tuesday, April 20, 2004
Ninety-Sixth Regular Session
The Chief Clerk makes the following entries under the above date:
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Relating to the definitions of client and psychological treatment, degree requirements, interim determination of degree requirements met, continuing education courses, and professional conduct.
Submitted by Department of Regulation and Licensing.
Report received from Agency, April 8, 2004.
To committee on Health.
Referred on April 19, 2004
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Executive Communications
State of Wisconsin
Office of the Governor
Madison
April 19, 2004
To the Honorable Members of the Assembly:
The following bills, originating in the Assembly, have been approved, signed and deposited in the office of the Secretary of State:
Bill Number Act Number Date Approved
AB 508 (in part)267April 16, 2004
Assembly Bill 207268April 16, 2004
Assembly Bill 841270April 16, 2004
Assembly Bill 560272April 16, 2004
Assembly Bill 84282April 19, 2004
Assembly Bill 254283April 19, 2004
Assembly Bill 402284April 19, 2004
Assembly Bill 426285April 19, 2004
Assembly Bill 443286April 19, 2004
Assembly Bill 624287April 19, 2004
Respectfully submitted,
Jim Doyle
Governor
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Governor's Veto Message
April 16, 2004
To the Honorable Members of the Assembly:
I am partially vetoing Assembly Bill 508. This bill extends the carry forward period for the income or franchise tax credit equal to the sales tax paid on fuel and electricity used in manufacturing from 15 years to 20 years beginning January 1, 2003. This extends the life of credits that would have otherwise expired in tax years 2003 to 2005. The bill also makes the following credits refundable: development zone and tax credit for job creation or retention and for environmental remediation, the development zones investment and capital investment tax credits and the technology zones tax credit.
I am partially vetoing the bill to remove the change in development zone tax credits to refundable tax credits. The refundable tax credits create a substantial liability for the general fund in the next two biennia, nearly $14 million. Additionally, making these credits refundable would set a new precedent. Currently, only four tax credits offered by the state of Wisconsin are refundable and they are solely for individual income tax payers. Before making a new class of tax credits refundable, there should be thoughtful discussion about a policy change of this magnitude. There are good policy reasons to consider making tax credits refundable, especially for tax credits aimed at early-stage companies. However, both the financial effect and appropriateness of making this type of broad general fund expenditure, without a thorough understanding of the benefits it will provide to the citizens of the State, is unwise.
Respectfully submitted,
Jim Doyle
Governor
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Communications
State of Wisconsin
Office of the Secretary of State
Madison
To Whom It May Concern:
Acts, Joint Resolutions and Resolutions deposited in this office have been numbered and published as follows:
Bill Number Act Number Publication Date
AB 859 (in part)256April 29, 2004
A928
Assembly Bill 792257April 29, 2004
Assembly Bill 793258April 29, 2004
Assembly Bill 890259April 29, 2004
Assembly Bill 600265April 29, 2004
Assembly Bill 601266April 29, 2004
AB 508 (in part)267April 30, 2004
Assembly Bill 207268April 30, 2004
Assembly Bill 841270April 30, 2004
Assembly Bill 560272April 30, 2004
Assembly Bill 84282April 30, 2004
