Amendment ASA1-AB300

AB300-ASA1,8,2 (b) Subject to the limitations under this subsection, a claimant may claim as a credit against the taxes imposed under s. 71.02 an amount not exceeding a percentage, as determined annually by the joint committee on finance under par. (d), 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.

AB300-ASA1,8,14 (c) For an unmarried person or a married person filing a separate return who is a part-year resident of this state, the credit under this subsection is limited to that fraction of the amount determined under this subsection that Wisconsin adjusted gross income is of federal adjusted gross income. No credit is allowed under this subsection for unmarried persons or married persons filing separate returns who are nonresidents of this state. If one spouse is not domiciled in this state during the entire taxable year, the credit on a joint return is determined by multiplying the school property tax credit that would be available to them if both spouses were domiciled in this state during the entire taxable year by a fraction the numerator of which is their joint Wisconsin adjusted gross income and the denominator of which is their joint federal adjusted gross income. No credit is allowed under this subsection on a joint return if both spouses are nonresidents of this state.

AB300-ASA1,9,7 (d) Before October 16, the department of administration shall determine the total funds available for distribution under this subsection in the following year and the percentage of property taxes or rent constituting property taxes that a claimant may claim under par. (b) in the current taxable year and shall inform the joint committee on finance of that total and percentage. Total funds available for distribution shall be all moneys projected to be transferred to the lottery fund under ss. 20.455 (2) (g) and 20.505 (8) (am), (g) and (jm) and all existing and projected lottery proceeds and interest for the fiscal year of the distribution, less the amount estimated to be expended under ss. 20.455 (2) (r), 20.566 (2) (r) and 20.835 (2) (q) and less the required reserve under s. 20.003 (5). The joint committee on finance may revise the total amount to be distributed or the percentage under par. (b) if it does so at a meeting that takes place before November 1. If the joint committee on finance does not schedule a meeting to take place before November 1, the total determined by the department of administration shall be the total amount estimated to be distributed under this subsection in the following year and the percentage determined by the department of administration shall be the percentage of property taxes or rent constituting property taxes that a claimant may claim under par. (b) in the current taxable year.

AB300-ASA1,9,12 (e) If the allowable amount of the claim under this subsection exceeds the income taxes otherwise due on the claimant's income, the amount of the claim that is not used to offset those taxes shall be certified by the department of revenue to the department of administration for payment by check, share draft or other draft drawn from the appropriation under s. 20.835 (2) (r).

AB300-ASA1,9,14 (f) No credit may be allowed under this subsection unless it is claimed within the period specified in s. 71.75 (2).

AB300-ASA1,9,18 (g) In any case in which a principal dwelling is rented by a person from another person under circumstances deemed by the department to be not at arm's length, the department may determine rent at arm's length, and, for purposes of this subsection, such determination shall be final.

AB300-ASA1,9,20 (h) Section 71.28 (4) (g) and (h) as it relates to the credit under s. 71.28 (4) relates to the credit under this subsection.

AB300-ASA1, s. 23 Section 23. 71.08 (1) (intro.) of the statutes is amended to read:

AB300-ASA1,9,25 71.08 (1) Imposition. (intro.) If the tax imposed on a natural person, married couple filing jointly, trust or estate under s. 71.02, not considering the credits under ss. 71.07 (1), (2dd), (2de), (2di), (2dj), (2dL), (2dr), (2ds), (2dx), (2fd), (3m), (3s), (6) and, (9b) and (9e), 71.28 (1dd), (1de), (1di), (1dj), (1dL), (1ds), (1dx), (1fd), (2m) and (3) and 71.47 (1dd), (1de), (1di), (1dj), (1dL), (1ds), (1dx), (1fd), (2m) and (3) and subchs. VIII and IX and payments to other states under s. 71.07 (7), is less than the tax under this section, there is imposed on that natural person, married couple filing jointly, trust or estate, instead of the tax under s. 71.02, an alternative minimum tax computed as follows:

AB300-ASA1, s. 24 Section 24. 71.10 (4) (i) of the statutes is amended to read:

AB300-ASA1,10,12 71.10 (4) (i) The total of claim of right credit under s. 71.07 (1), farmland preservation credit under subch. IX, homestead credit under subch. VIII, farmland tax relief credit under s. 71.07 (3m), farmers' drought property tax credit under s. 71.07 (2fd), lottery and gaming credit under s. 71.07 (9b), earned income tax credit under s. 71.07 (9e), estimated tax payments under s. 71.09, and taxes withheld under subch. X.

AB300-ASA1, s. 25 Section 25. 74.09 (3) (b) 6. of the statutes is repealed.

AB300-ASA1, s. 26 Section 26. 74.09 (3) (b) 7. of the statutes is repealed.

AB300-ASA1, s. 27 Section 27. 74.09 (3) (f) of the statutes is repealed.

AB300-ASA1, s. 28 Section 28. 74.29 of the statutes is amended to read:

AB300-ASA1,10,23 74.29 August settlement. On or before August 20, the county treasurer shall pay in full to the proper treasurer all real property taxes, including taxes offset by the credit under s. 79.10 (5), and special taxes included in the tax roll which have not previously been paid to, or retained by, the proper treasurer. A county may, by resolution adopted by the county board, direct the county treasurer to pay in full to the proper treasurer all special assessments and special charges included in the tax roll which have not previously been paid to, or retained by, the proper treasurer.

AB300-ASA1, s. 29 Section 29. 77.22 (2) (intro.) of the statutes is amended to read:

AB300-ASA1,11,3 77.22 (2) (intro.) The secretary of revenue shall prescribe the form required under sub. (1). The form shall include an application for a credit under s. 79.10 (5) and shall provide for the submission of the following:

AB300-ASA1, s. 30 Section 30. 77.23 of the statutes is amended to read:

AB300-ASA1,11,11 77.23 Disposition of fees and returns. On or before the 15th day of each month the register shall submit to the county treasurer transfer fees collected together with the returns filed in the office during the preceding month for the treasurer's transmission to the department of revenue under s. 77.24 and shall submit to the county treasurer, or to the city treasurer if the property is located in a city that collects taxes under s. 74.87, all applications for credits under s. 79.10 (5) that the county register of deeds receives during the preceding month.

AB300-ASA1, s. 31 Section 31. 79.10 (1m) of the statutes is repealed.

AB300-ASA1, s. 32 Section 32. 79.10 (2) of the statutes is amended to read:

AB300-ASA1,11,21 79.10 (2) Notice to municipalities. On or before December 1 of the year preceding the distribution under sub. (7m) (a), the department of revenue shall notify the clerk of each town, village and city of the estimated fair market value, as determined under sub. (11), to be used to calculate the lottery credit under sub. (5) and of the amount to be distributed to it under sub. (7m) (a) on the following 4th Monday in July. The anticipated receipt of such distribution shall not be taken into consideration in determining the tax rate of the municipality but shall be applied as tax credits.

AB300-ASA1, s. 33 Section 33. 79.10 (5) of the statutes is repealed.

AB300-ASA1, s. 34 Section 34. 79.10 (6m) of the statutes is amended to read:

AB300-ASA1,12,12 79.10 (6m) Corrections of state property tax credit payments. If the department of administration or the department of revenue determines by October 1 of the year of any distribution under subs. sub. (4) and (5) that there was an overpayment or underpayment made in that year's distribution by the department of administration to municipalities, as determined under subs. sub. (4) and (5), because of an error by the department of administration, the department of revenue or any municipality, the overpayment or underpayment shall be corrected as provided in this subsection. Any overpayment shall be corrected by reducing the subsequent year's distribution, as determined under subs. sub. (4) and (5), by an amount equal to the amount of the overpayment. Any underpayment shall be corrected by increasing the subsequent year's distribution, as determined under subs. sub. (4) and (5), by an amount equal to the amount of the underpayment. Corrections shall be made in the distributions to all municipalities affected by the error. Corrections shall be without interest.

AB300-ASA1, s. 35 Section 35. 79.10 (7m) (a) of the statutes is renumbered 79.10 (7m), and 79.10 (7m) (b), as renumbered, is amended to read:

AB300-ASA1,12,21 79.10 (7m) (b) The town, village or city treasurer shall settle for the amounts distributed under this paragraph subsection on the 4th Monday in July with the appropriate county treasurer not later than August 15. Failure to settle timely under this subdivision paragraph subjects the town, village or city treasurer to the penalties under s. 74.31. On or before August 20, the county treasurer shall settle with each taxing jurisdiction, including towns, villages and cities except 1st class cities, in the county.

AB300-ASA1, s. 36 Section 36. 79.10 (7m) (b) of the statutes is repealed.

AB300-ASA1, s. 37 Section 37. 79.10 (9) (b) of the statutes is amended to read:

AB300-ASA1,13,6 79.10 (9) (b) Property tax relief credit. Except as provided in ss. 79.175 and 79.18, every property taxpayer of the municipality having assessed property shall receive a tax credit in an amount determined by applying the percentage of the amount of the value of property assessed to the taxpayer to the amount of the distribution to be made to the municipality under sub. (7m) (a), as stated in the December 1 notification from the department of revenue, except that no taxpayer may receive a credit larger than the total amount of property taxes to be paid on each parcel for which tax is levied for that year by that taxpayer.

AB300-ASA1, s. 38 Section 38. 79.10 (9) (bm) of the statutes is repealed.

AB300-ASA1, s. 39 Section 39. 79.10 (9) (c) of the statutes is amended to read:

AB300-ASA1,13,11 79.10 (9) (c) Credits shown on tax bill. The lottery credit under par. (bm) shall reduce the property taxes otherwise payable, and the credit under par. (b) shall reduce the property taxes otherwise payable.

AB300-ASA1, s. 40 Section 40. 79.10 (11) of the statutes is repealed.

AB300-ASA1, s. 41 Section 41. 93.31 of the statutes is amended to read:

AB300-ASA1,14,7 93.31 Livestock breeders association. The secretary of the Wisconsin livestock breeders association shall on and after July 1 of each year make a report to the department, signed by the president, treasurer and secretary of the association, setting forth in detail the receipts and disbursements of the association for the preceding fiscal year in such form and detail together with such other information as the department may require. On receipt of such reports, if the department is satisfied that the business of the association has been efficiently conducted during the preceding fiscal year and in the interest of and for the promotion of the special agricultural interests of the state and for the purpose for which the association was organized and if the final statement shows that all the receipts together with the state aid have been accounted for and disbursed for the proper and necessary purposes of the association, and in accordance with the laws of the state, then the department shall file a certificate with the department of administration and it shall draw its warrant and the state treasurer shall pay to the treasurer of the association the amount of the appropriations made available for the association by s. 20.115 (4) (a) and (h) for the conduct of junior livestock shows and other livestock educational programs. The association may upon application to the state purchasing agent, upon such terms as he or she may require, obtain printing for the association under the state contract.

AB300-ASA1, s. 42 Section 42. 562.065 (3) (cm) of the statutes is created to read:

AB300-ASA1,14,10 562.065 (3) (cm) Crediting of moneys. All moneys received under par. (c) shall be credited to the appropriation accounts under ss. 20.455 (2) (g) and 20.505 (8) (g).

AB300-ASA1, s. 43 Section 43. 562.065 (3) (d) (title) of the statutes is amended to read:

AB300-ASA1,14,13 562.065 (3) (d) (title) General program operations; aids to county and district fairs.

AB300-ASA1, s. 44 Section 44. 562.065 (3m) (c) (title) and 2. of the statutes are amended to read:

AB300-ASA1,14,16 562.065 (3m) (c) (title) Allocation between Payment by licensee and state association to the department.

AB300-ASA1,14,22 2. The licensee may retain 50% of the amount of the deduction under par. (a) remaining after the payment of purses under par. (b), and the payment of the licensee's cost under subd. 1. The licensee shall deposit the remaining 50% of that amount with the department. The department shall credit moneys received under this subdivision to the appropriation account accounts under s. ss. 20.455 (2) (g) and 20.505 (8) (i) (g).

AB300-ASA1, s. 45 Section 45. 562.077 of the statutes is repealed.

AB300-ASA1, s. 46 Section 46. 562.124 (2) of the statutes is amended to read:

AB300-ASA1,15,12 562.124 (2) If the department authorizes on-track pari-mutuel wagering on snowmobile racing under sub. (1m), the department shall regulate the pari-mutuel wagering and shall promulgate all rules necessary to administer this section. The department may promulgate rules that require persons who conduct snowmobile racing to be licensed by the department and the department may charge a fee to any person licensed under this subsection to cover the costs of the department in regulating on-track pari-mutuel wagering on snowmobile racing. Through its rules, the department shall do everything necessary to ensure the public interest and protect the integrity of the sport of snowmobile racing. If the department charges a fee to a person licensed under this subsection, the department shall deposit the moneys received in into the appropriation account accounts under s. ss. 20.455 (2) (g) and 20.505 (8) (g).

AB300-ASA1, s. 47 Section 47. 563.05 (6) of the statutes is repealed.

AB300-ASA1, s. 48 Section 48. 563.055 (6) of the statutes is created to read:

AB300-ASA1,15,16 563.055 (6) All moneys received under this section shall be credited to the appropriation account under s. 20.505 (8) (jm).

AB300-ASA1, s. 49 Section 49. 563.13 (4) of the statutes is amended to read:

AB300-ASA1,15,21 563.13 (4) A $10 license fee for each bingo occasion proposed to be conducted and $5 for an annual license for each designated member responsible for the proper utilization of gross receipts. All moneys received under this subsection shall be credited to the appropriation account under s. 20.505 (8) (jm).

AB300-ASA1, s. 50 Section 50. 563.135 of the statutes is renumbered 563.135 (1).

AB300-ASA1, s. 51 Section 51. 563.135 (2m) of the statutes is created to read:

AB300-ASA1,15,25 563.135 (2m) All moneys received under sub. (1) shall be credited to the appropriation account under s. 20.505 (8) (jm).

AB300-ASA1, s. 52 Section 52. 563.16 of the statutes is amended to read:

AB300-ASA1,16,13 563.16 Amendment of license to conduct bingo. Upon application by a licensed organization, a license may be amended, if the subject matter of the amendment properly and lawfully could have been included in the original license. An application for an amendment to a license shall be filed and processed in the same manner as an original application. An application for the amendment of a license shall be accompanied by a $3 fee. If any application for amendment seeks approval of additional bingo occasions or designates a new member responsible for the proper utilization of gross receipts, the appropriate fee under s. 563.13 (4) also shall be paid. If the department approves an application for an amendment to a license, a copy of the amendment shall be sent to the applicant who shall attach it to the original license. All moneys received under this section shall be credited to the appropriation account under s. 20.505 (8) (jm).

AB300-ASA1, s. 53 Section 53. 563.22 (2) (c) of the statutes is created to read:

AB300-ASA1,16,16 563.22 (2) (c) All moneys received under this subsection shall be credited to the appropriation account under s. 20.505 (8) (jm).

AB300-ASA1, s. 54 Section 54. 563.80 of the statutes is renumbered 563.80 (1).

AB300-ASA1, s. 55 Section 55. 563.80 (2m) of the statutes is created to read:

AB300-ASA1,16,20 563.80 (2m) All moneys received under sub. (1) shall be credited to the appropriation account under s. 20.505 (8) (jm).

AB300-ASA1, s. 56 Section 56. 563.92 (2) of the statutes is amended to read:

AB300-ASA1,17,2 563.92 (2) The fee for a raffle license shall be $25 and shall be remitted with the application. A raffle license shall be valid for 12 months and may be renewed as provided in s. 563.98 (1g). The department shall issue the license within 30 days after the filing of an application if the applicant qualifies under s. 563.90 and has not exceeded the limits of s. 563.91. All moneys received by the department under this subsection shall be credited to the appropriation account under s. 20.505 (8) (j).

AB300-ASA1, s. 57 Section 57. 563.98 (1g) of the statutes is amended to read:

AB300-ASA1,17,7 563.98 (1g) An organization licensed under this subchapter may renew the license by submitting a $25 renewal fee with the report under sub. (1). All moneys received under this subsection shall be credited to the appropriation account under s. 20.505 (8) (j).

AB300-ASA1, s. 58 Section 58. 565.02 (7) of the statutes is amended to read:

AB300-ASA1,17,25 565.02 (7) Not later than March 1 of each year, the department shall submit to the joint committee on finance a report that includes an estimate for that fiscal year and for the subsequent fiscal year of the gross revenues from the sale of lottery tickets and lottery shares, the total amount paid as prizes and the prize payout ratio for each type of lottery game offered, and an evaluation of the effect of prize payout ratios of lottery games on lottery sales, lottery operating costs and on maximizing the revenue available for the lottery and gaming property tax credit. If, within 14 working days after the date on which the committee receives the report, the cochairpersons of the committee notify the department that the committee has scheduled a meeting for the purpose of reviewing the department's proposed prize payouts, the department may proceed with its plans for the prize payouts for the subsequent fiscal year only upon approval of the plans by the committee. If the cochairpersons of the committee do not notify the department within 14 working days after the date on which the committee receives the report that the committee has scheduled a meeting for the purpose of reviewing the department's proposed prize payouts, the department's plans for the prize payouts for the subsequent fiscal year are considered approved by the committee.

AB300-ASA1, s. 59 Section 59. Appropriation changes.

AB300-ASA1,18,6 (1) Gaming; raffles and crane games. In the schedule under section 20.005 (3) of the statutes for the appropriation to the department of administration under section 20.505 (8) (j) of the statutes, as affected by the acts of 1997 and 1999, the dollar amount is decreased for fiscal year 1998-99 by $32,300 for the purpose of fulfilling the purpose for which the appropriation is made.

AB300-ASA1, s. 60 Section 60. Initial applicability.

AB300-ASA1,18,13 (1) Lottery and gaming credit. The treatment of section 71.07 (9b) of the statutes first applies to taxable years beginning on January 1 of the year in which this subsection takes effect, except that if this subsection takes effect after July 31 the treatment of section 71.07 (9b) of the statutes first applies to taxable years beginning on January 1 of the year after the year in which this subsection takes effect.

AB300-ASA1,18,14 (End)