Amendment AA2-AB923

LRBa3773/2

KSH:skg&mkd:kat

1995 - 1996 LEGISLATURE

ASSEMBLY AMENDMENT 2, To 1995 ASSEMBLY BILL 923

March 12, 1996 - Offered by Committee on Insurance, Securities and Corporate Policy.

AB923-AA2,1,1 At the locations indicated, amend the bill as follows:

AB923-AA2,1,2 1. Page 2, line 7: delete the comma and substitute "and".

AB923-AA2,1,3 2. Page 2, line 8: delete "and making an appropriation".

AB923-AA2,1,4 3. Page 5, line 1: delete lines 1 to 13.

AB923-AA2,1,5 4. Page 7, line 9: after " company" insert "that is treated as a partnership".

AB923-AA2,1,6 5. Page 7, line 12: after that line insert:

AB923-AA2,1,7 " Section 5m. 71.21 (5) of the statutes is created to read:

AB923-AA2,1,11 71.21 (5) Section 164 (a) (3) of the internal revenue code is modified so that state taxes and taxes of the District of Columbia that are value-added taxes, single business taxes or taxes on or measured by all or a portion of net income, gross income, gross receipts or capital stock are not deductible.".

AB923-AA2,1,13 6. Page 8, line 1: on the line immediately preceding this line, after "statutes" insert ", as affected by 1995 Wisconsin Act 27, ".

AB923-AA2,1,15 7. Page 8, line 6: delete "secretary of state" and substitute "department of financial institutions".

AB923-AA2,2,2 8. Page 8, line 9: delete " secretary of state" and substitute "department of financial institutions".

AB923-AA2,2,4 9. Page 10, line 21: after "statutes" insert ", as affected by 1995 Wisconsin Act 27, ".

AB923-AA2,2,5 10. Page 10, line 24: delete "secretary of state" and substitute "department".

AB923-AA2,2,7 11. Page 11, line 4: after "statutes" insert ", as affected by 1995 Wisconsin Act 27, ".

AB923-AA2,2,8 12. Page 11, line 6: delete "secretary of state" and substitute "department".

AB923-AA2,2,10 13. Page 19, line 12: after "statutes" insert ", as affected by 1995 Wisconsin Act 27, ".

AB923-AA2,2,11 14. Page 19, line 15: delete "secretary of state" and substitute "department".

AB923-AA2,2,13 15. Page 21, line 11: after "statutes" insert ", as affected by 1995 Wisconsin Act 27, ".

AB923-AA2,2,15 16. Page 21, line 14: on lines 14 and 15, delete "secretary of state" and substitute "department of financial institutions".

AB923-AA2,2,17 17. Page 21, line 18: delete "secretary of state" and substitute "department of financial institutions".

AB923-AA2,2,19 18. Page 26, line 10: after "statutes" insert ", as affected by 1995 Wisconsin Act 27, ".

AB923-AA2,2,21 19. Page 26, line 13: after "statutes" insert ", as affected by 1995 Wisconsin Act 27,".

AB923-AA2,2,23 20. Page 26, line 16: delete "or secretary of state, or both" and substitute; ", secretary of state or department of financial institutions, or by any combination".

AB923-AA2,3,2 21. Page 26, line 20: after "state" insert "or with the department of financial institutions".

AB923-AA2,3,4 22. Page 26, line 25: delete "either of said" and substitute "any of the departments or".

AB923-AA2,3,6 23. Page 27, line 16: delete "section 71.07 (7) (b)" and substitute "sections 71.07 (7) (b) and 71.21 (5)".

AB923-AA2,3,7 24. Page 27, line 17: delete "1995" and substitute "1996".

AB923-AA2,3,8 25. Page 27, line 23: after that line insert:

AB923-AA2,3,9 " Section 85. Effective date.

AB923-AA2,3,11 (1) This act takes effect on July 1, 1996, or on the day after publication, whichever is later.".

AB923-AA2,3,12 (End)