Amendment SSA1-SB228

SB228-SSA1,13,2 39.41 (1m) (m) Notwithstanding pars. (a), (b) and (d), if a high school ranks its seniors on the basis of grades in academic subjects, the school board of the school district operating the high school or the governing body of the private or tribal high school or, for purposes of par. (d), the faculty of the high school may request a waiver from the executive secretary in order to fulfill its requirements under par. (a), (b) or (d), and the executive secretary may fulfill the requirements under par. (a), on the basis of grade point averages in academic subjects.

SB228-SSA1,17 Section 17. 39.41 (2) (a) of the statutes is amended to read:

SB228-SSA1,13,13 39.41 (2) (a) If a designated scholar under sub. (1m) is admitted to and enrolls, on a full-time basis, by September 30 of the academic year immediately following the school year in which the senior was designated a scholar, in an institution within the University of Wisconsin System or in a technical college district school that is participating in the program under this section, the scholar shall receive a higher education scholarship that exempts the scholar from 50 percent of all tuition and fees, including segregated fees, at the institution or district school for one year, except that the maximum scholarship for a scholar who receives an original scholarship for the 1996-97 academic year or for any academic year thereafter may not exceed $2,250 per academic year.

SB228-SSA1,18 Section 18. 39.41 (2) (b) of the statutes is amended to read:

SB228-SSA1,14,2 39.41 (2) (b) For each year that a scholar who receives a scholarship under par. (a) is enrolled full time, maintains at least a 3.000 grade point average, or the equivalent as determined by the institution or district school, and makes satisfactory progress toward an associate degree, a bachelor's degree, or a vocational diploma, the student scholar shall be exempt from 50 percent of all tuition and fees, including segregated fees, in the subsequent year or, if the scholar does not enroll in a participating institution of higher education in the subsequent year, in the 2nd year following the year in which the scholar received the scholarship , except that the maximum scholarship for a scholar who receives an original scholarship for the 1996-97 academic year or for any academic year thereafter may not exceed $2,250 per academic year. No scholar is eligible for an exemption for more than 4 years in the University of Wisconsin System or more than 3 years at a district school.

SB228-SSA1,19 Section 19. 39.41 (2) (c) of the statutes is amended to read:

SB228-SSA1,14,9 39.41 (2) (c) Subject to sub. (4), for each year the student that a scholar is exempt from tuition and fees under par. (a) or (b), the board shall pay the institution or district school, on behalf of the student scholar, an amount equal to 50% 25 percent of the student's scholar's tuition and fees, except that the maximum payment for a student who receives an original scholarship for the 1996-97 academic year or for any academic year thereafter may not exceed $1,125 per academic year.

SB228-SSA1,20 Section 20. 39.41 (3) (a) of the statutes is amended to read:

SB228-SSA1,14,20 39.41 (3) (a) If a designated scholar under sub. (1m) is admitted to and enrolls, on a full-time basis, by September 30 of the academic year immediately following the school year in which the senior was designated a scholar, in a private institution of higher education that is located in this state and participating in the program under this section, the board shall pay the institution, on behalf of the pupil scholar, an amount equal to 50% 25 percent of the tuition and fees charged a resident undergraduate at the University of Wisconsin-Madison in the same academic year, except that the maximum payment for a pupil who receives an original scholarship for the 1996-97 academic year or for any academic year thereafter may not exceed $1,125 per academic year.

SB228-SSA1,21 Section 21. 39.41 (3) (b) of the statutes is amended to read:

SB228-SSA1,15,5 39.41 (3) (b) For each year that a scholar who receives a scholarship under par. (a) is enrolled full time, maintains at least a 3.000 grade point average, or the equivalent as determined by the private institution, and makes satisfactory progress toward a bachelor's degree, the student scholar is eligible for a higher education scholarship as determined under par. (a) in the subsequent year or, if the scholar does not enroll in a participating institution of higher education in the subsequent year, in the 2nd year following the year in which the scholar received the scholarship. No scholar is eligible for a higher education scholarship for more than 4 years at a private institution of higher education.

SB228-SSA1,22 Section 22. 39.41 (3m) of the statutes is created to read:

SB228-SSA1,15,11 39.41 (3m) In addition to receiving a scholarship under sub. (2) or (3), if the scholar graduates from an institution within the University of Wisconsin System, a technical college district school, or a private institution of higher education located in this state with a bachelor's degree, an associate degree, or a vocational diploma, the scholar may claim the credit under s. 71.07 (5p).

SB228-SSA1,23 Section 23. 39.41 (5) (a) 1. of the statutes is amended to read:

SB228-SSA1,15,19 39.41 (5) (a) 1. Each institution within the University of Wisconsin System, technical college district school and private institution of higher education that wishes to participate in the scholarship program under this section in an academic year 1999-2000 and thereafter shall notify the board by October 1, 1998, of the immediately preceding academic year that the institution wishes to participate. A notice of intent to participate given under this subdivision continues in effect for subsequent academic years, subject to any notice given under subd. 2.

SB228-SSA1,24 Section 24. 71.07 (5p) of the statutes is created to read:

SB228-SSA1,15,22 71.07 (5p) Academic scholarship tax credit. (a) Definitions. In this subsection:

SB228-SSA1,16,2 1. "Claimant" means an individual who files a claim under this subsection, who has received a scholarship under s. 39.41 (2) or (3), and who has graduated from the institution or school with regard to which he or she received the scholarship, as described in s. 39.41 (3m).

SB228-SSA1,16,11 2. "Eligible amount" means 50 percent of all tuition and fees, including segregated fees, that would have been charged to a single full-time student by the institution or school attended by an individual who received a higher education scholarship under s. 39.41 (2) for the years in which the individual received the scholarship under that subsection, or 50 percent of all tuition and fees charged a single full-time resident undergraduate at the University of Wisconsin-Madison for the years in which an individual who received a scholarship under s. 39.41 (3) attended a private institution of higher education located in this state for the years in which the individual received the scholarship under that subsection.

SB228-SSA1,16,17 (b) Filing claims. Subject to the conditions and limitations provided in this subsection, a claimant may claim as a credit against the tax imposed under s. 71.02, up to the amount of those taxes, one-seventh of an eligible amount in the taxable year that immediately follows the year in which the individual graduates, as described in s. 39.41 (3m), and an additional one-seventh of an eligible amount in each of the next 6 successive taxable years.

SB228-SSA1,16,21 (c) Conditions and limitations. 1. No individual may file a claim under this subsection unless he or she submits to the department with his or her tax return, on a form prepared by the department, information regarding the calculation of that individual's eligible amount.

SB228-SSA1,16,23 2. No individual may file a claim under this subsection unless he or she was a full-year resident of this state in the year to which the claim relates.

SB228-SSA1,16,25 3. No credit may be allowed under this subsection unless it is claimed within the period specified under s. 71.75 (2).

SB228-SSA1,17,5 4. Except as provided in subd. 5., no individual may file a claim under this subsection for any taxable year other than the taxable year that begins immediately after the taxable year in which the claimant graduates from the institution or school with regard to which he or she received the scholarship, as described in s. 39.41 (3m), and the next 6 successive taxable years.

SB228-SSA1,17,12 5. An individual may delay the time when he or she is otherwise required to begin claiming the credit under this subsection as described in subd. 4. if, in the taxable year that immediately follows the year in which the individual graduates, as described in s. 39.41 (3m), the individual is a full-time student enrolled in a course of study that is leading to a higher degree. For purposes of this subdivision, an associate degree is higher than a vocational diploma, and a bachelor's degree is higher than an associate degree.

SB228-SSA1,17,14 (d) Administration. Subsection (5m) (d), as it applies to the credit under that subsection, applies to the credit under this subsection.

SB228-SSA1,25 Section 25. 71.10 (4) (cs) of the statutes is created to read:

SB228-SSA1,17,16 71.10 (4) (cs) Academic scholarship tax credit under s. 71.07 (5p).

SB228-SSA1,26 Section 26. Initial applicability.

SB228-SSA1,17,23 (1) Academic excellence higher education scholarships. The treatment of section 39.41 (1) (ag), (1m) (a), (b), (c) 3m., 4. and 5., (d), (e), (g) 1. and 2., (h), (i), (j), (k), and (m), (2) (a), (b), and (c), (3) (a) and (b), and (3m) of the statutes first applies to students who enroll in an institution within the University of Wisconsin System, a technical college district school, or a private institution of higher education in the 2016-17 academic year.

SB228-SSA1,18,2 (2) Academic scholarship tax credit. The treatment of section 71.07 (5p) first applies to taxable years beginning after December 31, 2017.

SB228-SSA1,18,3 (End)