LRB-4328/2
MES:wlj:pg
2003 - 2004 LEGISLATURE
February 27, 2004 - Introduced by Senator Roessler, cosponsored by
Representatives Underheim and Musser. Referred to Joint Survey
Committee on Tax Exemptions.
SB507,1,5 1An Act to create 71.05 (1) (c) 7., 71.26 (1m) (h) and 71.45 (1t) (h) of the statutes;
2relating to: creating an individual and corporate income tax exemption for
3interest on bonds or notes issued by the Wisconsin Health and Educational
4Facilities Authority for purposes related to the purchase of information
5technology equipment by health facilities.
Analysis by the Legislative Reference Bureau
This bill creates an individual and corporate income tax exemption for interest
on bonds or notes issued by the Wisconsin Health and Educational Facilities
Authority, on or after the effective date of the bill, if the proceeds of the bond or note
are used by a health facility to purchase information and technology equipment.
This bill first applies to taxable years beginning on January 1, 2006.
This bill will be referred to the Joint Survey Committee on Tax Exemptions for
a detailed analysis, which will be printed as an appendix to this bill.
For further information see the state and local 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:
SB507, s. 1 6Section 1. 71.05 (1) (c) 7. of the statutes is created to read:
SB507,2,5
171.05 (1) (c) 7. The Wisconsin Health and Educational Facilities Authority
2under s. 231.03 (6), on or after the effective date of this subdivision .... [revisor inserts
3date], if the proceeds from the bonds or notes that are issued are used by a health
4facility, as defined in s. 231.01 (5), to fund the acquisition of information technology
5hardware or software.
SB507, s. 2 6Section 2. 71.26 (1m) (h) of the statutes is created to read:
SB507,2,107 71.26 (1m) (h) Those issued under s. 231.03 (6), on or after the effective date
8of this paragraph .... [revisor inserts date], if the proceeds from the obligations that
9are issued are used by a health facility, as defined in s. 231.01 (5), to fund the
10acquisition of information technology hardware or software.
SB507, s. 3 11Section 3. 71.45 (1t) (h) of the statutes is created to read:
SB507,2,1512 71.45 (1t) (h) Those issued under s. 231.03 (6), on or after the effective date of
13this paragraph .... [revisor inserts date], if the proceeds from the obligations that are
14issued are used by a health facility, as defined in s. 231.01 (5), to fund the acquisition
15of information technology hardware or software.
SB507, s. 4 16Section 4. Initial applicability.
SB507,2,1717 (1) This act first applies to taxable years beginning on January 1, 2006.
SB507,2,1818 (End)
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