LRB-0735

LRB-0735/P1

JK:jld:md

2011 - 2012 LEGISLATURE

DOA:......Quinn, BB0153 - Change the jobs tax credit appropriation from annual to continuing

For 2011-13 Budget -- Not Ready For Introduction

An Act ...; relating to: the budget.

Analysis by the Legislative Reference Bureau

taxation

Income taxation

This bill changes the appropriation for the jobs tax credit from an annual appropriation to a continuing appropriation.

For further information see the state fiscal estimate, which will be printed as an appendix to this bill.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

Section 1. 20.835 (2) (bb) of the statutes, as created by 2009 Wisconsin Act 28, is amended to read:

20.835 (2) (bb) Jobs tax credit. The As a continuing appropriation, the amounts in the schedule to make the payments under ss. 71.07 (3q) (d) 2., 71.28 (3q) (d) 2., and 71.47 (3q) (d) 2.

****Note: This Section involves a change in an appropriation that must be reflected in the revised schedule in s. 20.005, stats.

Section 9441. Effective dates; Revenue.

(1) Jobs tax credit. The treatment of section 20.835 (2) (bb) of the statutes takes effect on January 1, 2012.

(End)