Amendment AA8-ASA2-AB941

LRBf104/1

MES:cmh:jf

1999 - 2000 LEGISLATURE

ASSEMBLY AMENDMENT 8, TO ASSEMBLY SUBSTITUTE AMENDMENT 2, TO 1999 ASSEMBLY BILL 941

March 29, 2000 - Offered by Representative Carpenter.

AB941-ASA2-AA8,1,1 At the locations indicated, amend the substitute amendment as follows:

AB941-ASA2-AA8,1,3 1. Page 1, line 5: after "committee," insert "creating an individual income tax exemption for pay received by members of the national guard,".

AB941-ASA2-AA8,1,4 2. Page 5, line 15: after that line insert:

AB941-ASA2-AA8,1,5 " Section 9e. 71.05 (6) (b) 34. of the statutes is created to read:

AB941-ASA2-AA8,1,11 71.05 (6) (b) 34. Up to $2,000 of pay received by a member of the national guard, for service in the national guard, except that an exemption may not be claimed under this subdivision by a member of the national guard who receives a tuition grant under s. 21.49 (3) in the year to which the claim relates or by a member who has not served in the armed forces of the United States, as defined in 26 USC 7701 (a) (15), or national guard for at least 6 years.".

AB941-ASA2-AA8,1,12 3. Page 7, line 13: after that line insert:

AB941-ASA2-AA8,2,6 "(3g) Tax exemption, national guard pay. The treatment of section 71.05 (6) (b) 34. 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 71.05 (6) (b) 34. of the statutes first applies to taxable years beginning on January 1 of the year following the year in which this subsection takes effect.".

AB941-ASA2-AA8,2,7 (End)