Amendment SA18-AB768

LRBb3274/1

MES&KSH:jlg:ch

1997 - 1998 LEGISLATURE

SENATE AMENDMENT 18, TO 1997 ASSEMBLY BILL 768

May 7, 1998 - Offered by Senator Wineke.

AB768-SA18,1,2 At the locations indicated, amend the bill, as shown by assembly substitute amendment 1, as follows:

AB768-SA18,1,3 1. Page 16, line 13: delete "lowering the".

AB768-SA18,1,4 2. Page 16, line 14: delete "individual income tax rates;".

AB768-SA18,1,6 3. Page 16, line 16: after "cities;" insert "increasing the school property tax credit;".

AB768-SA18,1,8 4. Page 16, line 18: after "tax;", delete the material inserted by assembly amendment 48 to assembly substitute amendment 1.

AB768-SA18,1,10 5. Page 207, line 15: delete the material beginning with that line and ending with page 208, line 20.

AB768-SA18,1,12 6. Page 209, line 13: after that line, delete the material inserted by assembly amendment 48 to assembly substitute amendment 1, and substitute:

AB768-SA18,2,1 " Section 284s. 71.07 (9) (b) of the statutes is amended to read:

AB768-SA18,2,7 71.07 (9) (b) Subject For taxable years beginning before January 1, 1998, subject to the limitations under this subsection, a claimant may claim as a credit against, but not to exceed the amount of, taxes under s. 71.02, 10% of the first $2,000 of property taxes or rent constituting property taxes, or 10% of the first $1,000 of property taxes or rent constituting property taxes of a married person filing separately.

AB768-SA18, s. 284t Section 284t. 71.07 (9) (be) of the statutes is created to read:

AB768-SA18,2,14 71.07 (9) (be) For taxable years beginning after December 31, 1997, subject to the limitations under this subsection, a claimant may claim as a credit against, but not to exceed the amount of, taxes imposed under s. 71.02, 11.5% of the first $3,000 of property taxes or rent constituting property taxes, or 11.5% of the first $1,500 of property taxes or rent constituting property taxes of a married person filing separately.".

AB768-SA18,2,16 7. Page 558, line 2: after that line, delete the material inserted by assembly amendment 48 to assembly substitute amendment 1.

AB768-SA18,2,17 (End)