2013 - 2014 LEGISLATURE
February 5, 2013 - Offered by Senator Tiffany.
SB1-SA11,1,11 At the locations indicated, amend the bill as follows:
SB1-SA11,1,2 21. Page 28, line 23: delete lines 23 and 24.
SB1-SA11,1,3 32. Page 34, line 8: after that line insert:
SB1-SA11,1,4 4" Section 27g. 70.375 (1) (ar) of the statutes is repealed and recreated to read:
SB1-SA11,1,75 70.375 (1) (ar) "Internal Revenue Code" means the federal Internal Revenue
6Code, as amended, and applicable federal regulations adopted by the federal
7department of the treasury.".
SB1-SA11,1,8 83. Page 34, line 24: after that line insert:
SB1-SA11,1,9 9" Section 30d. 70.375 (4m) of the statutes is created to read:
SB1-SA11,1,1310 70.375 (4m) Generally accepted accounting principles. Except as otherwise
11provided under this section, a person subject to the tax imposed under sub. (2), shall
12use generally accepted accounting principles to determine the person's net proceeds
13occupation tax liability under this section.".
14. Page 35, line 10: after "that" insert ", after the payments are made under
2sub. (2) (d) 1., 2., and 2m.,
SB1-SA11,2,3 35. Page 35, line 13: delete "economic development" and substitute "general".
SB1-SA11,2,4 46. Page 36, line 19: after that line insert:
SB1-SA11,2,5 5" Section 37d. 70.395 (2) (g) (intro.) of the statutes is amended to read:
SB1-SA11,2,96 70.395 (2) (g) (intro.) The board may distribute the revenues received under
7sub. (1e) or proceeds thereof in accordance with par. (h) for the following purposes,
8with a preference to private sector economic development projects under subd. 3., as
9the board determines necessary:
SB1-SA11,37e 10Section 37e. 70.395 (2) (g) 3. of the statutes is amended to read:
SB1-SA11,2,1211 70.395 (2) (g) 3. Studies and projects for local private sector economic
SB1-SA11,2,13 137. Page 45, line 14: delete lines 14 to 19.
SB1-SA11,2,1414 (End)